Breaking News

Govt approves electronics manufacturing cluster in Aurangabad

New Delhi, Mar 17 The Electronics and IT Ministry has approved setting up of an electronics manufacturing cluster in aurangabad at a cost of around Rs 48 crore, an industry association said today. The ministry has given the final approval for setting up the first brownfield electronics manufacturing cluster (EMC) in Aurangabad, Maharashtra, under the Electronic Manufacturing Clusters (EMC) scheme, India Electronics & Semiconductor Association (IESA) President MN Vidyashankar told PTI. "IESA was leading the proposal for this EMC. The aggregate cost of the project is estimated at Rs 48.34 crore," Vidyashankar said. The project has been divided into two phases. 

"The first phase has got the final approval to go ahead and is estimated to be completed within the next 12 months. Investment for the second phase is projected at Rs 28.57 crore, which includes investment in plant & machinery and park infrastructure," Vidyashankar said. He said that IESA will have to approach the ministry again for seeking approval to the second phase. Under the National Policy on Electronics, the government has set a target to set up 200 EMCs. The government provides financial support of up to Rs 50 crore under the policy. IESA today launched its Pune chapter which will focus on research and development. 

"IESA members will discuss about formation of special purpose vehicle to manage and operate Aurangabad EMC," Vidyashankar said. IESA has also submitted the detailed project report (DPR) for setting up an EMC in Pune, in association with Mahratta Chamber of Commerce Industries and Agriculture (MCCIA) entailing total project cost of around Rs 66 crore. "The preliminary application and DPR of the project was already approved by the ministry and the final DPR with the total project cost of Rs 66.15 crores is under appraisal by Meity for final approval," Vidyashankar said. The industry body has also conceptualised an electronics incubation centre in Pune with a project cost of Rs 56.94 crore. 

"Maharashtra government has already approved the project with their contribution of Rs 22.11 crore and the project is under final approval from Meity. The key focus areas for the incubator are automotive electronics, agricultural- electronics, strategic electronics, medical electronics and energy and clean technology electronics," Vidyashankar said.

Visit for All Latest & Breaking News in #Marathwada #Aurangabad #Nanded #Latur #Parbhani #Jalna #Beed #Hingoli #Osmanabad 
Like us on Facebook : 
Visit Daily : 

No comments