UP Surpasses Its Five-Year Target For Electronics Manufacturing In Just Three Years; Attracts Rs 20,000 Crore Investments

In a positive development, Uttar Pradesh (UP) government has successfully achieved the five-year target set for the electronics manufacturing sector in just three years, attracting investments of more than Rs 20,000 crore and generating employment opportunities for three lakh people, reports Economic Times.

The state government has stated that owing to its policies aimed at attracting investments in the sector, especially during the COVID-19 period, several companies from South Korea, Taiwan and China have shown interest in investing in the state.

The state government had set the target to attract investments of Rs 20,000 crore and generate employment for three lakh people in the sector by 2022.

“We had to achieve the target of getting investment of Rs 20,000 crore and employment to three lakh persons by 2022 but achieved it two years earlier with as many as 30 investors ready to invest in the sector due to the policies of the state,” said Alok Tandon, UP's industrial infrastructure and industrial development commissioner.

Tandon also emphasised that Noida, Greater Noida and Yamuna Expressway had emerged as hubs for electronics manufacturing and that South Korean behemoth Samsung had also set up the world’s largest smartphone manufacturing unit in Noida.

Meanwhile, an Electronic Manufacturing Cluster is also coming up in the region where three Indian companies, four Taiwanese companies and Chinese smartphone maker Oppo are setting up their units with an estimated investment of Rs 2,000 crore.