Govt IT spending in India to reach $7.2 bn by 2015
Hyderabad: Now the electronic hardware industry in Andhra Pradesh will be able to avail the general incentives under the ICT Policy, according to the draft Andhra Pradesh Electronics Hardware Policy 2012-2017.
The policy noted a high potential for domestic value addition in the state’s electronic hardware industry, especially in segments such as electronics system/product and semiconductor designs.
Manufacturers of industrial electronics, communication, broadcast strategic electronics and components, and computers and peripherals, as well as electronic manufacturing services are covered by the policy.
Outlining several incentives for the industry, the policy lists poor infrastructure and lack of R&D focus as some of the bottlenecks that were preventing the industry from reaching its potential and compete with products from Taiwan and China.
According to the policy, the hardware manufacturing companies planning to establish setups in Tier II and Tier III towns will now be eligible for incentives from the government, which is creating a single window for clearances and plans to encourage buying of Indian products in its programmes.