AP Govt launches Electronics Manufacturing Policy 4.0 as NDA aims to ‘reverse’ YSRCP’s setbacks

ANI

Vijayawada (AP) June 08, 2025 (ANI): TDP leader Pattabhi Ram welcomed the Andhra Pradesh Government's introduction of the Draft Electronics Component Manufacturing Policy 4.0, announced during a joint workshop with the Ministry of Electronics & IT and ICEA. He stated the policy aims to attract investment to the state, which had suffered under the previous YSRCP government. He added that the new NDA-led state government is working to restore Andhra Pradesh’s reputation as a prime investment hub, citing Dixon Technologies as an example of companies already committing to invest. TDP leader Pattabhi Ram said, "In a joint workshop organised by the Govt of Andhra Pradesh, Ministry of Electronics & Information Technology, and India Cellular and Electronics Association (ICEA), the Govt has announced a draft policy for Electronics Component Manufacturing Policy 4.0. This is to drive investment in the state, which was badly affected by the misgovernance of Jagan Reddy's rule. Now, the NDA Govt is trying to bring back the brand image of the state as a favourable investment destination. Companies like Dixon have immediately committed to bringing investment into the state."

Transcript

00:00In a joint workshop that was organized by the Government of Andhra Pradesh

00:05and Ministry of Electronics and Information Technology, Government of India

00:11and Indian Cellular and Electronics Association, ICEA,

00:16the Government of Andhra Pradesh had announced a draft policy

00:20for the Electronic Component Manufacturing Policy 4.0.

00:24This, as you know, is to drive investments into the state of Andhra Pradesh

00:29the state which was badly affected by the misgovernance of the previous Jagan Reddy's rule.

00:38Now the NDA Government in Andhra Pradesh, under the Chief Ministership of Mr. Chandruav Naidu,

00:44is bringing back, is trying to, you know, bring back the brand image of AP

00:50as a most favorable investment destination.

00:54So as part of this drive and as part of the Government's effort to rebuild brand AP,

00:59we have released a draft policy to bring in investments in the sector of electronic components manufacturing,

01:06which is a very key sector, which has a lot of potential to drive the economic growth of the state of Andhra Pradesh.

01:17So in this draft policy, there is also a discussion that happened

01:23which says, through which almost 50% of the capital investment

01:29will be provided, will be supported by the Government.

01:35So these kind of issues were also discussed, and companies like Dixon and Neolink

01:43have immediately committed to bringing their investment into the state

01:48by generating employment to the tune of 10,000, 5,000 each by each company.

01:57So these kind of initiatives by the Government are receiving huge response from investors,

02:04not only bringing out good policies, the Government is also developing the required infrastructure,

02:10whether it be providing quality 24 by 7 power or, you know, enhancing the road connectivity across the state,

02:19and also skilling the required manpower.

02:22The Government is also focusing on, hugely focusing on skill development,

02:27because all these companies which are bringing in investment

02:29and which are interested to set up their industries, they require skilled manpower.

02:34So Chandrubhava Naiduji is putting a lot of focus on skill development,

02:37even the HRD Minister, Sri Nara Lokesh, is also putting his keen interest in skill development.

02:45And it is our promise, it is our election promise, it is there in our manifesto,

02:49that during these five years of our rule,

02:53we are committed to create 20 lakh new jobs for the unemployed youth.

02:59So as part of our efforts to fulfill our election promise to create 20 lakh jobs,

03:06we are bringing out these kind of policies,

03:08and the Electronic Component Manufacturing Policy 4.0 is also one step towards delivering our promise of creating jobs,

03:17and this had received huge response.

03:19In addition to the efforts of the Union Government,

03:22under the Make in India campaign by the Honorable Prime Minister Narendra Modi,

03:26the state government also is putting in its best efforts to attract investments,

03:31and today across the globe, in the global scenario also,

03:34India had become the most favorable destination now for manufacturing sector.

03:41Previously it used to be China, but now slowly we are surpassing China because of the favorable conditions here,

03:48and very soon we are very confident that by the year 2047,

03:52the Vision 2047 document, which is being promoted both by Mr. Modi and Mr. Naidu,

03:58India will become the number one destination for manufacturing,

04:03and electronic component manufacturing is one of the priority sectors both for the Government of India and Government of Andhra Pradesh,

04:09and that is the reason why yesterday we have conducted a workshop with METI and the concerned association and Government of AP,

04:19and we have brought out a draft, and the final draft will be very soon approved by the Cabinet,

04:24and we are very hopeful that this will result in huge investments in the state of,

04:30in the field of sector of electronic component manufacturing,

04:33and it will create many jobs for the unemployed youth in the state.

04:36Sir, will there be any capital subsidy or interest subvention schemes?

04:40Yeah, there is a proposal for capital expenditure support to the tune of 50% that has to be discussed in the Cabinet.

04:49This is just a draft which was worked out.

04:52So, Mr. Naidu always had been very progressive and very dynamic in taking decisions to attract investments.

05:02Today we are talking about speed of doing business.

05:05The ease of doing business had been, you know, is crossed now,

05:10and we are in an era of speed of doing business.

05:13So, the Government today is working at lightning speed, you know,

05:17whether it be, you know, drafting policies, getting approvals from the Cabinet,

05:21whether it be the single window clearance which we are giving to the potential investors.

05:26So, all the three parties, you know, both TDP, BJP and Janasena are working closely, you know, together,

05:34and also the Government of India is extending its complete support.

05:37So, that is the reason why a lot of companies are looking towards AP now.

05:42So, the final policy after it gets approved in the Cabinet will have a lot of,

05:47whether it be incentives or subsidies, it will have a lot of attractive components

05:51which I am sure will attract many other companies, not only Dixon and Neolink,

05:56which had already committed its investment,

05:58but many more companies will surely follow into the state of Andhra Pradesh.

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