Govt declares Electronics Manufacturing Cluster in Maharashtra with Rs 500 cr outlay

Union Minister Rajeev Chandrasekhar on Monday introduced that an Electronics Manufacturing Cluster will likely be developed in Ranjangaon, Maharashtra, at a value of Rs 500 crore.

The Electronics Manufacturing Cluster (EMC) is focused to draw an funding of over Rs 2,000 crore, with a possible to generate hundreds of jobs within the coming years.

“To make Maharashtra into an electronics hub, we’ve got authorized an Electronics Manufacturing Cluster undertaking in Ranjangaon, Pune. The overall funding of the federal government will likely be about Rs 500 crore,” Minister of State for Electronics and Info Know-how Chandrasekhar stated at a briefing.

With this, Ranjangaon (Maharashtra) joins the rising roster of areas resembling Tamil Nadu, Noida and Karnataka which can be making an aggressive pitch to emerge as a vibrant electronics hub.

The general price for growth of the EMC is Rs 492.85 crore, out of which Rs 207.98 crore will likely be funded by the federal government of India and stability contribution of Rs 284.87 crore will likely be infused by the Maharashtra Industrial Growth Company (MIDC), State Industrial Company of Authorities of Maharashtra, based on a background be aware.

As well as, a roadshow will likely be organised quickly in Pune on semiconductor design schemes.

“Pune-based CDAC, very quickly in Maharashtra below India Semiconductor Mission and Rs 1,000 crore future design scheme… will organise a roadshow in Pune for startups. The Indian authorities will make investments immediately in semiconductor design startups,” the Minister stated.