Maharashtra Electronics Policy

Maharashtra, India’s most industrialized state, has long been at the forefront of economic development, innovation, and infrastructure. Maharashtra established its Electronics Policy in response to the worldwide trend toward smart technologies and digital economies, with the goal of becoming India’s leading center for Electronics System Design and Manufacturing (ESDM).

The Maharashtra Electronics Policy 2021 aims to attract investments in electronics manufacturing, encourage R&D, promote innovation-driven startups, and generate employment while contributing to India’s self-reliance in the electronics sector.

Objectives of the Maharashtra Electronics Policy

The electronics policy is driven by several core objectives:

Establish Maharashtra as a leading ESDM hub in India.
Generate over 200,000 jobs in the electronics sector.
Attract ₹2 lakh crore in investments during the policy’s duration.
Encourage the production of semiconductors, electronic components, and consumer electronics.
Facilitate the export of electronic goods from the state.

The policy aligns closely with the national PLI scheme, Digital India, and Make in India initiatives.

Strategic Focus Areas

1. Promotion of the ESDM Sector

The policy focuses on both design and manufacture of electronic systems, including:

Consumer electronics

Mobile devices

LED products

Automotive electronics

IoT devices and sensors

Defense electronics and aerospace systems

Semiconductors and chip design

It aims to make Maharashtra a preferred destination for global and domestic players looking to expand manufacturing capabilities.

2. Development of EMC Clusters

Under the policy, the government promotes Electronic Manufacturing Clusters (EMCs) in strategic locations such as:

Pune
Nashik
Aurangabad
Nagpur
Navi Mumbai

These EMC zones will have plug-and-play infrastructure, testing labs, power subsidies, and logistics support to facilitate faster unit setup.

Incentives and Financial Support

Maharashtra offers attractive incentives to encourage investments in electronics manufacturing:

Capital Subsidies

Up to 25% capital subsidy on qualified fixed capital investment.
Additional subsidies for units in Category B, C, and D industrial zones.

Power and Stamp Duty Concessions

Addition of specialist EMCs to MIDC industrial estates.
100% stamp duty exemption on land purchases in designated industrial zones.

Interest Subsidy

Up to 5% interest subsidy on term loans for eligible MSMEs and large enterprises.

SGST Reimbursement

100% reimbursement of State GST for a fixed number of years depending on the project location and size.

Patent Registration Support

Up to ₹2 lakh for domestic and ₹10 lakh for international patent filings.

Infrastructure & Logistics Development

The policy includes:

Addition of specialist EMCs to MIDC industrial estates.
24/7 power supply, common testing facilities, and effluent treatment plants.
Dedicated logistics parks and air cargo hubs to support electronics exports.

Access to ports and global markets is improved by the connections with the Western Dedicated Freight Corridor (DFC) and the Delhi-Mumbai Industrial Corridor (DMIC).

Focus on Exports and Global Value Chain Integration

The Maharashtra government envisions expanding the state’s footprint in electronics exports, particularly:

Mobile phones
Printed Circuit Boards (PCBs)
Telecom equipment
EV components
Solar inverters and LED systems

Special Electronics Export Zones (EEZs) will be developed to encourage foreign trade and investment in R&D facilities.

Support for Startups and Innovation

Recognizing the importance of design and innovation, the policy provides:

Seed capital and incubation support for electronics startups through state-run accelerators.
Creation of Innovation Hubs in collaboration with academic institutions.
Design Linked Incentives (DLIs) for chip designers, component developers, and embedded systems startups.

Skilling and Talent Development

To bridge the skill gap in ESDM:

Strong partnerships with institutions like NIELIT, CDAC, and IITs.
ESDM-specific courses are integrated in polytechnics and engineering colleges.
Subsidies for training programs and internships in electronics startups.

This aims to create a pipeline of job-ready talent for manufacturing and R&D.

Policy Convergence

The Electronics Policy is integrated with other state and central policies, including:

Maharashtra Industrial Policy
Maharashtra IT/ITES Policy
Startup Policy of Maharashtra
PLI Scheme for Electronics
National Policy on Electronics (NPE)

This ensures that investors enjoy maximum benefits across multiple schemes through a single-window mechanism.

Expected Outcomes

Creation of world-class electronics clusters and smart factories.
Decreased imports of electronics and increased value addition at home.
Stronger positioning in semiconductor and chip design.
Promotion of green electronics through energy-efficient manufacturing units.

How Cretum Advisory Can Help?

At Cretum Advisory, we assist businesses and investors in successfully setting up and operating under the Maharashtra Electronics Policy by offering:

Policy & Incentive Consultation – End-to-end guidance on eligibility, documentation, and claim filing.
Factory Setup & Licensing – From company registration to factory act licenses, EHS, and pollution control.
Project Report and DPR Preparation – For banks, investors, and government departments.
Single-Window Clearance Assistance – We liaise with MIDC, DIC, and MAITRI for faster approvals.
Accounting, GST & Compliance – Custom packages for ESDM, IT, and R&D-focused firms.
Startup Advisory – For electronics innovators, embedded tech ventures, and IoT hardware startups.We also offer the following services- GST Services, Startup Consulting Services, Accounting & Advisory, Company Law & Secretarial Services, Income Taxation etc.

The Final Thought

The Maharashtra Electronics Policy is a forward-looking initiative designed to propel the state into the next phase of the electronics revolution. By providing robust infrastructure, financial incentives, startup support, and skilled manpower, Maharashtra is laying the foundation to become India’s electronics manufacturing powerhouse.

If you’re a manufacturer, investor, or electronics startup exploring India’s ESDM sector, Maharashtra is your destination—and Cretum Advisory is your trusted partner.

For personalized support, reach us at info@cretumadvisory.com

FAQs – Maharashtra Electronics Policy

1. Who is eligible to apply under this policy?

ESDM companies, electronics startups, component manufacturers, and IT hardware units operating or planning to set up in Maharashtra.

2. What is the duration of the policy?

The Maharashtra Electronics Policy 2021 is valid for a period of 5 years from its date of notification.

3. Are there specific benefits for MSMEs?

Yes, MSMEs get additional capital subsidies, interest subvention, and fast-track approvals.

4. Can foreign companies benefit from this policy?

Yes, 100% FDI is allowed, and foreign firms setting up units in Maharashtra are eligible for all the benefits.

5. How does Cretum Advisory support electronics firms?

We provide comprehensive support in policy navigation, project execution, compliance, and government coordination.