Make in Maharashtra Electronics Policy 2024-2030

Building India’s Electronics Sovereignty

Make in Maharashtra presents the Maharashtra Electronics Policy 2024, a visionary policy aimed at creating a comprehensive electronics value chain that reduces India’s reliance on imports, especially from China. As India strives for self-reliance in the Electronic System Design and Manufacturing (ESDM) sector, Maharashtra aims to take the lead by fostering an ecosystem that supports indigenous innovation, component manufacturing, and global exports.

Maharashtra’s strategic focus is on building a robust domestic supply chain for key electronic components such as semiconductors, PCBs, displays, batteries, and telecom equipment. The policy also encourages the development of start-ups and R&D hubs that will drive the next wave of innovation in electronics, ensuring India plays a leading role in the global digital economy.

Vision for 2030: Maharashtra as a Global Electronics Hub with a Full Value Chain

By 2030, Make in Maharashtra envisions creating a self-sustaining electronics ecosystem that supports the entire electronics value chain. This will not only reduce India’s dependence on foreign imports but also position Maharashtra as a global hub for electronics manufacturing and exports. The key elements of this vision include:

Attracting ₹1 lakh crores in investments across the complete electronics value chain, including component manufacturing, semiconductors, displays, batteries, and telecom equipment.
Establishing 20+ ESDM parks that support the production of semiconductors, printed circuit boards (PCBs), LED displays, electronic components, and advanced batteries, enabling a robust supply chain.
Creating 2 lakh+ direct jobs in electronics manufacturing and component production, ensuring that India’s electronics sector is driven by local talent.
Reducing India’s import dependency on countries like China by building a domestic supply chain for key electronic components, making Maharashtra the backbone of India’s electronics sovereignty.

Mission: Building India’s Electronics Supply Chain

The mission of Make in Maharashtra is to create a complete electronics manufacturing ecosystem that drives innovation, supports local production, and ensures self-reliance in critical electronic components. The Maharashtra Electronics Policy 2024 aims to:

Promote indigenous production of key electronic components such as semiconductors, PCBs, displays, and batteries, reducing dependency on imports from China and other countries.
Attract investments in the full electronics value chain, ensuring that all stages of electronics manufacturing—from raw material processing to finished products—are integrated into Maharashtra’s industrial ecosystem.
Support R&D and start-ups in advanced electronic technologies, including AI-powered devices, IoT solutions, and 5G infrastructure, driving innovation for both domestic and global markets.
Create a skilled workforce by partnering with industry and academic institutions, ensuring Maharashtra has the talent required to lead the global electronics industry.

Key Objectives: Securing India’s Electronics Future

The Maharashtra Electronics Policy 2024 outlines a roadmap for building a self-reliant electronics value chain that drives India’s leadership in electronics manufacturing:

Developing a Complete Electronics Supply Chain: Maharashtra will focus on developing component manufacturing capabilities for critical items such as semiconductors, PCBs, displays, and lithium-ion batteries, reducing India’s reliance on imports, especially from China.
Attracting Large-Scale Investments: The policy aims to attract ₹1 lakh crores in investments across the full value chain, from raw materials to finished electronic products, ensuring Maharashtra becomes the go-to destination for electronics R&D, manufacturing, and exports.
Promoting Start-Ups and Innovation: Maharashtra will support 100+ start-ups in electronics innovation, creating an ecosystem where R&D, incubation, and entrepreneurship The state will focus on advanced electronic solutions such as 5G infrastructure, AI-powered devices, and IoT.
Building a Skilled Workforce: The policy aims to train 1 lakh+ professionals in areas like semiconductor fabrication, PCB manufacturing, battery assembly, and telecom equipment production, ensuring that Maharashtra’s workforce is future-ready.
Fostering Green and Sustainable Manufacturing: Maharashtra will lead in sustainable electronics production, promoting energy-efficient manufacturing processes, recycling of electronic waste, and the use of renewable energy across the electronics supply chain.

Strategic Focus Areas: Building a Complete Electronics Value Chain in Maharashtra

Developing a Comprehensive Electronics Value Chain

Maharashtra will focus on creating a complete domestic supply chain for electronics manufacturing, covering all key components such as semiconductors, PCBs, displays, batteries, and telecom equipment. By developing capabilities in these areas, the state will reduce its dependence on imports from China and other countries, ensuring that India has secure and reliable sources for its critical electronic components.

Establishing ESDM Clusters with Component Manufacturing Capabilities

To support the electronics value chain, Maharashtra will develop 20+ ESDM clusters that provide infrastructure for component manufacturing, assembly, testing, and certification. These clusters will be located in cities like Pune, Nagpur, Mumbai, and Aurangabad, with dedicated facilities for semiconductor fabs, PCB assembly, display production, and battery manufacturing.

Supporting Innovation in Advanced Electronics Technologies

Maharashtra will foster innovation in emerging technologies by providing R&D grants and incentives to companies working on 5G infrastructure, IoT devices, AI-powered electronics, and smart city solutions. The state will also support start-ups focusing on cutting-edge electronics innovations, ensuring that Maharashtra is a global leader in advanced electronics technologies.

Developing Green and Sustainable Manufacturing Practices

The policy will promote sustainable manufacturing practices across the electronics sector, encouraging energy-efficient production, recycling of electronic waste, and the use of green energy. Maharashtra will offer incentives for companies adopting eco-friendly production techniques and implementing circular economy principles in their operations.

Attracting Global Investments in Component Manufacturing

Maharashtra will actively attract global electronics manufacturers to invest in component production, offering capital subsidies, tax exemptions, and venture capital funding. The state will also ensure that regulatory approvals are streamlined through a Single Window Clearance System, making Maharashtra a top destination for investments in the complete electronics value chain.

Incentives for Electronics Component Manufacturing and R&D

The Maharashtra Electronics Policy 2024 provides a range of incentives to promote investments in electronics component manufacturing and innovation:

Incentive Type	Details
Lease Rental Subsidy	60-80% subsidy on lease rentals for ESDM units (with up to 40 employees) in government-owned facilities or designated ESDM parks.
Interest Subsidy	5% interest subsidy on term loans from public financial institutions, capped at INR 10 crores per annum for 5 years.
Capital Investment Subsidy	Up to ₹250 crores in capital subsidy based on fixed capital investment, with additional 10% subsidy for women, SC/ST, and disabled entrepreneurs.
SGST Reimbursement	100% SGST reimbursement for 5-7 years, based on the size of the investment.
Energy Efficiency Incentives	75% reimbursement of energy audit costs (capped at INR 2 lakhs), plus 100% exemption from electricity duty for 5 years.
Production Linked Incentive (PLI)	1% PLI on annual turnover for 5 years for the first 10 eligible units with new investments above INR 300 crores.
Incentives for ESDM Parks	Land at concessional rates, 100% stamp duty exemption, and 25% subsidy for infrastructure development in ESDM parks.
Marketing Support	50% reimbursement for participation in domestic and international exhibitions, capped at ₹3 lakhs per domestic event and ₹6 lakhs per international event.
Incentives for Semiconductor and Component Manufacturing	25% Capex contribution on semiconductor and component manufacturing plants, up to ₹500 crores for facilities established within the next five years.

Ease of Doing Business: Streamlined Approvals and Support

Maharashtra will ensure ease of doing business for electronics manufacturers and component producers through a Single Window Clearance System. The state will implement a fast-track approval process for projects in semiconductors, PCBs, displays, and batteries, ensuring that regulatory clearances are provided in a timely manner. The state will also offer self-certification under labor laws to further simplify regulatory compliance.

Conclusion: Maharashtra Leading India’s Electronics Revolution and Building Self-Reliance

The Maharashtra Electronics Policy 2024 is a strategic initiative designed to build a complete electronics value chain in India. By fostering investments in component manufacturing, promoting innovation, and creating a skilled workforce, Maharashtra is set to lead India’s journey toward electronics sovereignty, reducing dependence on foreign imports, and driving global competitiveness.

Make in Maharashtra invites global investors, electronics manufacturers, and innovators to join this transformative journey and help build a self-reliant, technologically advanced India.

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About Make in Maharashtra

The Make in Maharashtra is a Public Benefit Corporation (PBC) with a mission to establish Maharashtra as a key player in international economic collaboration, focusing on strategic partnerships with nations like USA, Europe, Australia, African Union, KSA, China, India, Qatar, Saudi Arabia, Türkiye, and the UAE across vital sectors such as energy, technology, agriculture, and finance. Our goal is to integrate lessons from successful global economic models, adopting best practices to ensure sustainable and inclusive growth. We aim to enhance economic prosperity and diversification, contribute to societal progress, and promote sustainable economic practices. By leveraging Maharashtra’s unique position, Make in Maharashtra strives to drive substantial economic growth, spur innovation, and solidify Maharashtra’s stature in the international economic arena, resonating with the government’s vision of a technologically advanced and interconnected economy.