The Ministry of Electronics and Information Technology (MeitY) has approved the greenfield ‘Electronics Manufacturing Cluster’ (EMC) with the project cost of Rs 4.93 billion to be set up in Ranjangaon Phase III, near Pune in Maharashtra.
Commenting on the development, Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology and Skill Development and Entrepreneurship, said, “We already have EMCs in Noida, Tirupati, Karnataka and Tamil Nadu – wherein both multi-national companies and Indian startups have set up their units. The government of India is the enabling partner in these EMCs and it is working in tandem with the state governments to make these EMCs a catalyst for the electronics manufacturing in the state.” The minster further added that the EMC at Ranjangaon, Pune will catalyse investments to the tune of over Rs 20 billion in the near future and generate employment for over 5,000 people.
Meanwhile, Chandrasekhar also announced that the MeitY plans to give a boost to the Rs 10 billion Semicon India Future Design programme to support semiconductor design startups in the state and shall soon visit Maharashtra for a roadshow. He informed that the Centre for Development of Advanced Computing (C-DAC), Pune, shall be the nodal office for this purpose.
The approval for the EMC was given to Maharashtra Industrial Development Corporation (MIDC) and the state government’s State Industrial Agency. Further, Chandrasekhar also informed that the electronics manufacturing has seen an exponential growth after 2014 and has increased to 6 trillion from 1 trillion in 2014. Besides, he also noted that while 92 per cent of all mobile phones used by Indian customers were imported in 2014, currently 97 per cent of all mobile phones used by Indian customers are domestically manufactured.