Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

IDCO submits report to govt to set up electronics manufacturing cluster

- Advertisement -

electronics-manufacturingThursday, March 06, 2014: The Odisha Industrial Infrastructure Development Corporation (Idco) has reportedly submitted a detailed project report (DPR) to the government of India, for setting up of a Electronics Manufacturing Cluster under GOI’s EMCs scheme.

The India Electronics & Semiconductor Association (IESA), the premier trade body that represents the Electronics System Design and Manufacturing (ESDM) industry prepared the DPR for this EMC cluster.

According to a Business Standard report, the proposed EMC will be developed over an area of about 216 acres in the Info-valley complex, on the outskirt of Bhubaneswar. Idco has sought an assistance of nearly Rs 960 million from the Centrat government for the same.

- Advertisement -

The GOI scheme helps set up of both, green field and brown field EMCs. Nearly 162 acres of land at Info-valley has been allotted for the ESDM sector, and the balance-land required for the cluster will be acquired soon. The National Policy on Electronics has set a target to achieve turnover of about $ 400 billion by 2020. For this, about $100 billion investment and generation of 28 million jobs is required.

The financial assistance will be given to a special purpose vehicle (SPV) that will be a legal entity duly registered for this purpose, and finance will come in the form of grant-in-aid, only. The EMC cluster in Bhubaneswar is a green field project, since there almost nil existing hardware industries in the state.

For greenfield EMCs, the assistance will be restricted to 50 per cent of the project cost, which is subject to maximum of Rs 500 million for every 100 acres of land. For brownfield EMCs, the assistance will be restricted to 75 per cent of the project cost subject to a maximum of Rs 500 million.

The state government has already prepared a strategic road map for the growth of the ESDM sector in the state. The state’s new Information and Communication Technology Policy-2014 offers a number of incentives to attract investors both from the software and hardware industry.

- Advertisement -

Most Popular Articles

Industry's Buzz

India May Revise EV Policy Following Trade Talks

0
With major policy changes hinging on the outcome of trade negotiations, India may slash import duties and ease investment rules to attract global EV...

Samsung, Micron Exit DDR4, Taiwan Steps In

0
DDR4 era ending? Samsung and Micron cut output, followed by SK Hynix. Taiwanese firms are gaining momentum as DDR5 and HBM take centre stage...

Suzlon Lands 378MW Wind Deal With NTPC Green Energy

0
Powering India’s green goals in Karnataka, Suzlon clinches 378MW wind deal with NTPC Green Energy, boosting their clean power partnership to 1.54GW. Wind turbine...

STMicroelectronics Sees Q2 Recovery After Weak Start To 2025

0
Despite profit plunge, STMicroelectronics meets Q1 targets, forecasts Q2 rebound with $2.71 billion revenue as chip sector begins slow recovery. Shares jump 4 per...

Delta Electronics Eyes Growth In India Amid Supply Chain Shifts

0
Powering up in India by tapping EVs, AI, and automation, Delta Electronics is eyeing growth as global firms shift from China to the country's...

Learn From Leaders

Dr Venkatesh Vadde, Co-founder and CEO, Sensio Enterprises

“We Are One Of The Very Few—Perhaps Two Or Three—Companies Globally That Are Actually...

0
A decade ago, smartwatches were unknown. But now, the still nascent wearable market is talking about smart rings for health monitoring! What does Bengaluru’s...
Agalya Kondappan, Managing Director, Glonix Electronics Private Limited

“By Procuring Components In One Lot And Fabricating The Boards At Once, Clients Can...

0
Calling themselves a comprehensive solution provider, how is a company ensuring component authenticity, managing pricing, fabricating and assembling, then offering cost-effective bulk solutions? Agalya...
Kiran M S, Founder and Managing Director, Indus Technologies

“We Collaborate Directly With Customers Due To Ongoing Market Volatility To Create More Realistic,...

0
Can volatile supply chains be tackled without traditional forecasting tools? With 15 years in the industry, Kiran M S of Indus Technologies tells EFY’s...
Avesh Memon, Founder and CEO, Rilox EV Private Limited

“There Should Be Additional PLI Schemes For SMEs”- Avesh Memon, Rilox EV

0
As electric logistics gain momentum, key roadblocks remain. Avesh Memon of Rilox EV breaks down how limited charging infrastructure, high EV costs, and battery...

“We Aim To Make Every Garage In India EV-Ready” – Shubham Mishra of BatteryOK...

0
How Battery diagnostics in electric vehicles can be upgraded leveraging artificial intelligence? Shubham Mishra of BatteryOK Technologies, shares these insights with EFY’s Aryaman Raghuvanshi...

Startups

Dr Venkatesh Vadde, Co-founder and CEO, Sensio Enterprises

“We Are One Of The Very Few—Perhaps Two Or Three—Companies Globally That Are Actually...

0
A decade ago, smartwatches were unknown. But now, the still nascent wearable market is talking about smart rings for health monitoring! What does Bengaluru’s...

Inside BluSmart’s Stunning Fall After SEBI Crackdown Turns Green Ride Red

0
Once India’s EV poster child, BluSmart has halted services after SEBI exposed massive fund misuse, unravelling a cautionary tale of ambition, misgovernance, and lost...

IG Drones Reports 330% Revenue Growth In FY25, Eyes ₹1B Target

0
Soaring with 330% revenue growth in FY25, startup IG Drones eyes ₹1 billion in FY26, backed by booming demand, new drones, and global expansion...

Plugzmart’s Indigenous EV Fast Charger Gets ARAI Approval

0
Powering heavy-duty vehicles in 20 minutes while backing India’s push for tech self-reliance, Plugzmart’s fully homegrown 240kW EV fast charger earns ARAI nod. Plugzmart,...

Ather Energy Mulls $50 Million IPO Cut

0
Due to market volatility, Ather Energy may trim its $400 million IPO by $50 million but plans to proceed with the offering in the...