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C'garh govt signs four MoU with private players

Press Trust of India  |  Raipur 

The has signed four Memoranda of Understandings (MoUs) to attract an investment of Rs 386 crore in electronics and food processing sectors in the state.

The agreements were signed in the presence of Chief Minister at his official residence late last evening, an official here said today.

MoUs were inked with Smartron Pvt Ltd, Forstar Techno Solutions Pvt Ltd, Wattson Electronics for investment in electronics sector and with ArkasBiocon Pvt Ltd (BEC Foods) for food processing sector, he added.

The companies, deals in electronics, will establish manufacturing units in the upcoming Electronic Manufacturing Cluster (EMC) in Naya Raipur and will bring cumulative of around 286 crores in the State, the official said.

Smartron will set up a manufacturing unit of smart phones and other smart devices based on ultra modern technology.

Similarly, Forstar Techno Solutions will establish assembly plant for tablet PC (personal computer), desktop PC, smart phone, biometric devices, netbooks and notebooks while Wattson Electronics shall manufacture consumer and industrial electronics products, he said.

The agreement will bring smart technology and product ecosystem to help transform the technological infrastructure of the state, he added.

Likewise, ArkasBiocon India has agreed to set up liquid glucose and derivative manufacturing unit in the state which will bring of Rs 100 crore, he said.

The investment would create employment opportunities for 2,800 people in the state particularly to local youth.

Speaking on the occasion, chief minister Singh congratulated entrepreneurs and said the proposed units under the agreements area expected to start functioning at the earliest.

State's additional chief secretary, department of commerce and industries N Baijendra Kumar signed the MoU on behalf of of with chairman Smartron Mahesh Lingareddy, whole time director Forstar K P Roy, CEO Wattson Electronics Vikram Dewangan and director ArkasBiocon Arvind Jain, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 17:22 IST