MeitY has approved the greenfield Electronics Manufacturing Cluster (EMC) to be set up in Ranjangaon Phase III, near Pune in Maharashtra.
As part of its objective to strengthen the electronics manufacturing ecosystem in India, the Ministry of Electronics and IT (MeitY) has approved the greenfield Electronics Manufacturing Cluster (EMC) with the project cost of Rs492.85 crores to be set up in Ranjangaon Phase III, near Pune in Maharashtra.
“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,” said Shri Rajeev Chandrasekhar, Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship. He added that the EMC at Ranjangaon, Pune will catalyze investments to the tune of over Rs2,000 crore in the near future and generate employment for over 5,000 people.
The Minister also announced that MeitY plans to give a boost to the 1,000 Crore Semicon India Future Design program to support semiconductor design startups in the state and shall soon visit Maharashtra for a roadshow. He informed that C-DAC, Pune shall be the nodal office for this purpose.
The approval for the EMC was given to Maharashtra Industrial Development Corp. (MIDC) and the State government’s State Industrial Agency.
“Both Chief Minister, Shri Shinde and Deputy Chief Minister, Shri Devendra Fadnavis are committed to the development of electronics sector in the State. They both have proactively followed up with the Centre for this EMC at Ranjangaon, Pune,” Chandrasekhar said.
He said that post COVID-19, it has become very competitive for the countries/states to corner the opportunities that have sprung up following disruptions in global value chains and supply chains.
Stating that electronics manufacturing has seen an exponential rise after Prime Minister Narendra Modi took over in 2014, Chandrasekhar said it has increased to six lakh crores from one lakh crores in 2014.
“While 92% of all mobile phones used by Indian customers were imported in 2014, now 97% of all mobile phones used by Indian customers were domestically manufactured. We had zero exports in electronics manufacturing space in 2014; at present we export equipment worth 70,000 crores,” he elaborated.
Citing the example of EMC at Tirupati, the foundation stone of which was laid out in 2015 by Modi and now boasts of India’s first lithium cell manufacturing plant, Chandrasekhar affirmed that these EMCs will prove to be the pivot points around which the electronics manufacturing and design ecosystem shall flourish in the years to come, taking India towards its target of $300 billion worth of electronics manufacturing by 2025/26.