India Electronics and Semiconductor Association (IESA) is assisting the Government of Maharashtra in setting up a Brownfield Electronic Manufacturing Cluster (EMC) in Pune and has signed a Memorandum of Understanding (MoU) with the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) for collaboration under the Electronics Manufacturing Clusters Scheme of the Department of Electronics and Information Technology (DeitY), Government of India.
The ESDM industry is estimated to reach US$400 billion which will need the cumulative investment of about US$100 billion and generate employment of around 28 million. The proposed Brownfield EMC Cluster in Pune will bring immense opportunities to the electronics industry, academia and other stakeholders.
“The State Government has identified ESDM as a sector of focus. As one of the salient initiatives in this direction, the state has decided to set up three Brownfield EMCs at Pune, Aurangabad and Navi Mumbai. The EMC will provide common facilities for production and R&D support services which will benefit the local companies. Besides the funding support available from DeitY, GoI under its EMC Scheme, the state will also extend its proactive support to enable these clusters to be set up at the earliest,” said P. Anabalgan, IAS, Joint CEO, Maharashtra Industrial Development Corporation (MIDC).
“Pune has successfully established itself as the engineering hub for the automotive sector and got enormous industrial potential to be the next manufacturing hub of India. MCCIA is thrilled to have IESA onboard for the Brownfield EMC set up in Pune and envisions the ESDM sector to achieve the same zenith of success,” said Anant Sardeshmukh, Director General, MCCIA.
As per the guideline of the EMC Scheme, a Special Purpose Vehicle (SPV) in the form of a Public Limited Company under the Indian Companies Act, 1956 will be set up to implement the project. MICCA, along with private companies, industry associations, financial institutions, research & development institutions, state or local governments or their agencies and units within the EMC, will lend its support for promoting the SPV.
