Odisha gets Central nod for setting up EMC in Info Valley

Bhubaneswar, 16 June-2014: India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, is assisting the Odisha government in setting up of the first Greenfield Electronic Manufacturing Cluster (EMC) in the Info-valley in Bhubaneswar under the EMC scheme of the Union department of Electronics and Information Technology.

Odisha gets Central nod for setting up EMC in Info Valley

Odisha gets Central nod for setting up EMC in Info Valley

The proposed Greenfield EMC cluster, located at Harapur, Gaudakasipur and Durgapur villages of Khordha district, is expected to house over 100 electronics manufacturing units.

The project has an employment potential of 10,000 – 12,000 jobs, which will be a mix of skilled and semi-skilled personnel.

The cost of the project is estimated at Rs 209.64 crore.

The aggregate investment in the cluster is projected at Rs 979 crores that includes investment by individual units in plant, machinery and park infrastructure.

IESA has engaged IL&FS Clusters for the preparation of Detailed Project Report (DPR) for the proposed EMC Park.

“The sector holds tremendous potential in the state as per the strategic road map for the ESDM sector submitted by IESA. The state government is committed towards the development of the sector in the state and both IDCO & OCAC (Odisha Computer Application Centre) are lending admirable support for the project. In addition to this, the state government is providing attractive incentives for the ESDM sector under the recently announced state IT policy-2014,” said Vishal Kumar Dev, CMD, Industrial Infrastructure Development Corporation (IDCO).

Commenting on the engagement, IESA president MN Vidyashankar said “We are elated with the Government of India’s decision to give the in-principle approval for the Info-valley EMC project which would provide a huge boost to electronics manufacturing and job creation in Odisha.

We had earlier submitted a report to the state government on developing the strategic roadmap for ESDM sector in the state and are now supporting the state in seeking approval and funding for the Greenfield EMC project under the EMC scheme of the Centre.”

The proposed Greenfield cluster will encompass common facilities for production support services like tool room, test and measurement labs, Incubation centre, training centre, and also will have provisions for common infrastructure support like power, water and ETP for the potential investors.

(Input Source: Odisha Sun Times)

Posted by on June 16, 2014. Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.