ELE Times December 2016 Electronics News in India | Online Electronics Mag | Page 8

News

Andhra Pradesh
raises capital subsidy to
30pc on electronic
manufacturing units
In a great step to lure Electronic
manufacturers in setting up
manufacturing units in Andhra Pradesh
government has recently heightened the
grant on capital investment to 30 percent
with a cap of Rs 250 crore. Earlier the
capital subsidy in Andhra was 10 percent
that too limited to a maximum of Rs 5
crore.
Apart from increasing the capital subsidy,
the government has also removed the
cap on power subsidy in the latest round
of amendment to the existing policy.
This comes on top of 20 percent capital
subsidy being offered by Government of
India, which had recently extended the
eligibility to 15 new electronic products,
including consumer electronics and
Internet of Things (IoT) products.

AP government has recently approved a
150 crore investment proposal of setting
up a manufacturing plant near Sricity, by
Gurgaon-based Dixion Technologies
Limited. The company is likely to begin
operations as early as by March 2017 in
an already built facility offered by the
government.
Earlier the companies were given power
subsidy ranging from 10-50 percent on
power charges limiting to Rs 50 lakhs
over a period of 5 years. As per the new
orders, all mega projects (units that hire
1000 or more employees) will avail a
subsidy of 25 percent, and other
categories a subsidy 20 per cent on
power charges for a period of 5 years to
whatever extent they may consume the
power.

Telangana to Work with Microsoft for
Solutions for Citizen Services
The Telangana
government on
November 16, 2016,
signed an MOU with
Microsoft to explore
cloud, machine
learning and mobilebased solutions to
improve citizen
services, education,
healthcare and
agriculture in the
state.
State IT Secretary Jayesh Ranjan and
Microsoft India Managing Director Anil
Bhansali signed the MoU in Hyderabad.
Microsoft India will work with the state

ELE Times | 08 | December, 2016

government to support the development
of cloud and mobile-based solutions and
support the use of machine learning and
advanced visualization to help solve
challenges in the fields of education,
agriculture, and healthcare.