Lucknow. In the cabinet meeting chaired by Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday, a historic decision was taken to make Uttar Pradesh a global hub of electronics manufacturing. The cabinet approved the Uttar Pradesh Electronics component manufacturing policy-2025 (UP ECMP-2025), which will promote the construction of 11 important electronic components such as displays, camera modules, multilayer PCBs in the state for the next 6 years. This policy of the Yogi government will create investment of Rs 5,000 crore and millions of employment opportunities.
UP’s Electronics Industry Ecosystem emerging as a global manufacturing hub
The Yogi Cabinet decided to implement UP ECMP-2025 to suit the Central Government’s Electronics Component Manufacturing Scheme (ECMS), which will be effective from April 1, 2025 to 6 years. Under this policy, entrepreneurs will be given additional incentives equivalent to the Center’s plan, which will emerge as the current electronics ecosystem global manufacturing hub of UP. The policy will be implemented by the Nodal Society under the supervision of the Policy Implementation Unit set up at the government level and the strong committee. Under this, the construction of components like display, camera module, multilayer PCB will be promoted, which will strengthen the supply chain and encourage innovation.
UP’s economic development and self -sufficiency will be ensured
Principal Secretary Anurag Yadav said that in the last 8 years, there has been unprecedented progress in electronics manufacturing in the country. In 2015, where only 2 units used to make mobiles, 300 units are working today. The production of electronics goods has increased from 1.9 lakh crores to more than Rs 11 lakh crore. The export of mobile phones has reached Rs 1,500 crore to Rs 2 lakh crore. UP has become the center of this revolution, where more than half of mobile phones of the country are produced. This policy will take UP to new heights of economic development and self -reliance, as well as create employment opportunities for the youth.
An estimated expenditure of Rs 5,000 crore
This policy will not only make UP a global manufacturing hub, but will also strengthen UP’s self -sufficiency at the national level. Under the policy, an estimated expenditure of Rs 5,000 crore will be made, making millions of direct and indirect employment opportunities. This step will prove to be important in making UP a favorite destination of investment and speeding up industrial development.
Relief in stamp duty and registration fees on family property distribution
The cabinet took a historic decision to limit the stamp duty and registration fees to a maximum of Rs 5,000 for the division of family property. Currently, 4% stamp duty and 1% registration fees are applied on the partition deed, which is based on the value of the property. Because of this, people are reluctant to register the distribution deed, due to which the number of cases in civil and revenue courts is increasing. The new system will reduce family disputes and will be possible to share property. This will update the Khatauni/Rights records of the Revenue Department and will be easily available in the property market. However, this exemption may lead to a stamp duty of Rs 5.58 crore and registration fee of Rs 80.67 lakh, but the increase in the number of registration will increase revenue in the long run. Such a system is already applicable in states like Tamil Nadu, Karnataka, Rajasthan and Madhya Pradesh, whose positive results have been revealed.
