Breaking News

Search This Blog

Aurangabad rises as India's new design and manufacturing hub


India Electronics and Semiconductor Association (IESA) lauds the efforts of the Government of Maharashtra and Maharashtra Industrial Development Corporation (MIDC) for transforming Aurangabad into an ESDM (electronic system design and manufacturing) hub, including land allotment for the proposed Electronics Manufacturing Clusters in Aurangabad and setting up of $31.5 million (₹200 crore) start-up fund. An ESDM meet was organised by Deogiri Electronics Cluster, Chamber of Marathwada Industries & Agriculture (CMIA) in collaboration with IESA. During the event, GoM and MIDC announced the allotment of 8,000 square-metre land for the proposed brownfield EMC at subsidised rates and plans to earmark 100 acre of land for the proposed greenfield EMC in Delhi Mumbai Industrial Corridor (DMIC). The creation of a $31.5 million start-up fund in association with Small Industries Development Bank of India (SIDBI) covering all sectors will further enhance the ESDM start-up ecosystem in Aurangabad.

The proposed Aurangabad Brownfield EMC will have a common facility centre, which will include an Innovation Centre, Environment Test and EMI/EMC Test Lab, Modular Cabinet Manufacturing Centre and Skill Development/Training Centre. "We are committed to build the city of Aurangabad as the future hub for ESDM in the country. Maharashtra will play a vital role in realising the ESDM revolution, which is expected to take the country's manufacturing base to new heights in the near future. We are already a frontrunner in this area and the proposed EMCs in Aurangabad are key to achieve our goals," said Anand Rayate, Joint CEO, Maharashtra Industrial Development Corporation.

Commenting on the occasion, IESA chair Vinay Shenoy said, "The Aurangabad EMC is one more milestone in IESA's strategy to accelerate development of EMCs and incubation centres across India." "We are excited to associate with MIDC and IESA in building the two proposed EMCs in Aurangabad. It is our firm belief that the city can be a key stakeholder in the journey of transforming India into an ESDM hub. We are committed towards bringing large-scale investments, building industries thus creating more and more job opportunities for the people of Aurangabad," said Munish Sharma, president, Chamber of Marathwada Industries & Agriculture.



===============================================================

a) All above content are copyright of respected owners
b) Please inform us if you have objection on any post
ADVERTISE WITH US !!!! 
- Thanku for Visiting http://www.aurangabadtravel.info 
- Join our Facebook Page https://www.facebook.com/AurangabadTravels
- Publish your unique Travel articles send them to ctindia2009@gmail.com 
- Advertise on This website contact ctindia2009@gmail.com 
- READ RELATED POST CLICK BELOW LINK

No comments