The Andhra Pradesh government has approved the Electronics Component Manufacturing Policy 4.0, offering ₹4,600 crore in incentives to attract investments in hubs like Tirupati, Sri City, Hindupur, Orvakal, and Kopparthy, targeting $100 billion in electronics investments.

Key features:

• Early bird incentive: First 10 projects with ≥₹250 crore investment get 50% capital subsidy, paid over 2 years.
• Land at 75% discount, plus 100% electricity duty exemption for 6 years, power cost reimbursement, SGST & stamp duty refunds, and recruitment support.
• Matching subsidies for firms approved under the Centre’s ₹22,919 crore ECMS, disbursed within six months.

Beneficiaries include Syrma SGS, planning India’s largest PCB and copper-clad laminate factory (₹1,800 crore) with Shinhyup Electronics, and major ongoing investments by LG, Daikin, Carrier, Wingtech, and Sensorem Photonics.

The move aligns with India’s rapidly growing electronics production, which has doubled to $115 billion in six years.