Advanced Electronics Policy

While manufacturers are being lured by capital subsidies, TN is leveraging its unique ‘payroll subsidy’ to lure chip design multinationals and startups to create jobs in the state.After emerging as India’s top electronics exporter in 2023, Tamil Nadu has set itself the ambitious goal of moving up the electronics value chain. For this, the state came out with a Semiconductor and Advanced Electronics Policy, 2024, last week. The policy aims at TN contributing 40% of India’s…