In a strategic move to fortify its position in the electronics manufacturing sector, the government of Tamil Nadu is set to unveil the Semiconductor and Advanced Electronics Policy at the upcoming third edition of the Global Investors Meet, taking place from January 7 to January 8. This announcement follows similar initiatives in Odisha and Gujarat, signalling a concerted effort to propel the state’s electronics manufacturing value chain.
M K Stalin, the Chief Minister of Tamil Nadu, will officially launch the policy, which is meticulously designed to attract investments from companies specializing in sophisticated electronics design and cutting-edge manufacturing. The government has pledged to provide incentives and subsidies based on a predetermined percentage to entice prospective investors.
The Global Investors Meet, a prestigious event drawing attention from top economists and industry leaders, will be graced by luminaries such as Raghuram Rajan, former governor of the RBI; Arvind Subramanian, former Chief Economic Advisor; celebrated author Chris Miller; business tycoon Anand Mahindra; Mark Widmar, CEO of First Solar; and Jeff Magioncalda, CEO of Coursera, among others.
Industry experts assert that this policy is a critical necessity as Tamil Nadu aspires to enhance the entire value chain within the sector. The focus extends from generating crucial jobs in component manufacturing to semiconductor design and electronics manufacturing services (EMS).
Speaking exclusively to the media, an unnamed senior government official emphasized Tamil Nadu’s advantageous position in attracting semiconductor investments, citing the presence of global giants like KLA and Qualcomm. The forthcoming policy is anticipated to reinforce the state’s commitment to achieving excellence in electronics manufacturing while extending lucrative subsidies and incentives to firms choosing to invest in Tamil Nadu.
The official also highlighted the dichotomy in job offerings within the sector, stating that while EMS provides a larger number of jobs, the pay scale is comparatively lower. On the contrary, electronics design offers high-paying jobs for highly skilled individuals. Over the past years, Tamil Nadu has successfully courted major players, including Apple’s contract manufacturers Pegatron and Foxconn, Tata Electronics from India, and Taiwan’s Delta Electronics, solidifying its position as the preferred destination for global electronics investments.
As the government positions Tamil Nadu at the forefront of electronics manufacturing, the Semiconductor and Advanced Electronics Policy is poised to play a pivotal role in attracting top-tier talent and global investments, setting the stage for a transformative period in the state’s industrial landscape.