Govt sanctions electronics projects of Rs 89 cr in MP

The Central government has sanctioned electronics manufacturing projects worth Rs 88.65 crore in two districts.

The projects, coming up at Badwai near here and Purva near Jabalpur, will provide employment to over 17,000 people, said a release issued by the state government's Information Technology department.

The cost of the cluster project at Badwai is pegged at Rs 48.34 crore, wherein the contribution of Centre will be 50 %.

The state government through the Madhya Pradesh State Industrial Development Corporation (MPSIDC) and the units to be set up under the project will equally bear 25 % cost.

"For the project, 50-acre land has been allotted where world-level high quality facilities of power, water, road and other infrastructure will be provided. The project will be operational within 2.3 years," the release added.

According to the state government, a collective investment to the tune of Rs 260 crore by the units is expected for the project.

"In them, 3000 people will get direct and 9000 indirect employment," the release said.

The cost of the cluster project at Purva is estimated at Rs 40.31 crore.

"The pattern of cost sharing for this project will be same as in Badwai cluster," the release added.