A Common Facility Centre (CFC) will soon be set up in the Brownfield Electronics Cluster in Aurangabad comprising of comprise of facilities such as Electronics Design & Testing, Training & Innovation, Electronics Manufacturing & Modular Cabinet Design & Prototyping.
Chamber of Marathwada Industries and Agriculture (CMIA) today said it has received final approval by Union Ministry of Electronics & Information Technology (MeitY) for setting up of Common Facility Centre (CFC) in Brownfield Electronics Cluster at Shendra Five Star MIDC, Aurangabad, under Electronics Policy of Government of India.
After successful implementation of Marathwada Auto Cluster (MAC), CMIA took initiative to start Brownfield Electronics Cluster as per Government of India’s Electronics policy.
CMIA is pursuing this matter for last 3 years and this will certainly help in attracting new investment in the Maharashtra State.
This project will be established by CMIA as ‘Deogiri Electronics Cluster Pvt Ltd’ on 2 acres land at MIDC, Aurangabad.
The total project cost estimated is Rs.50 crore and in the first phase of Rs.28.58 crore is sanctioned by (MeitY). 75% of the project is being funded by the Government of India, 10% by Government of Maharashtra and 15% equity contribution by Special Purpose Vehicle (SPV) of Deogiri Electronics Cluster Pvt Ltd.
‘Deogiri Electronics Cluster Pvt Ltd’ Common Facility Centre (CFC) will comprise of the facilities viz.; Electronics Design & Testing, Training & Innovation, Electronics Manufacturing & Modular Cabinet Design & Prototyping.
By Baishakhi Dutta
