Chief Minister launched the Tamil Nadu Electronics Components Manufacturing Scheme (ECMS).
It has a target to attract Rs 30,000 crore investment and create 60,000 jobs over the next three to five years across the state.
The Tamil Nadu scheme is a first in the country, would offer matching subsidies to companies that set up manufacturing units in the state under the central scheme.
The state scheme covers 11 high-growth components, including flexible printed circuit boards (FPCBs), lithium-ion cells, HDI/MSAP boards, display modules and other components.
The union government also unveiled a set of guidelines and portal for the ECMS recently.