The Department of Electronics and Information Technology (DEITY) has given in-principle (rpt) principle approval to Odisha's first electronic manufacturing cluster Info-valley which is expected to entail investment of Rs 979 crore, industry body IESA said today.
"We are elated with the government's decision to give the in-principle approval for the Info-valley EMC project which would provide a huge boost to electronics manufacturing and job creation in Odisha," India Electronics and Semiconductor Association President M N Vidyashankar said in a statement.
IESA is assisting the Odisha government in setting up the first greenfield EMC in the state.
The proposed Greenfield EMC cluster will be located at Harapur, Gaudakasipur and Durgapur Village of Khurda District in Odisha. It is expected to house over 100 electronics manufacturing units and has an employment potential of 10,000- 12,000 jobs.
The cost of the project is estimated at Rs 209.64 crore. The aggregate investment in the cluster is projected at Rs 979 crore, which includes investment by individual units in plant, machinery and park infrastructure.
IESA has engaged IL&FS Clusters for the preparation of Detailed Project Report (DPR) for the proposed EMC Park.
"The state government is committed towards the development of the sector in the state. In addition to this, the state government is providing attractive incentives for the ESDM sector under the recently announced state IT policy," IDCO (Odisha Industrial Infrastructure Development Corporation) CMD Vishal Kumar Dev said.
The proposed cluster will encompass common facilities for production support services like tool room, test and measurement labs, incubation centre, training centre, and also would have provisions for common infrastructure support like power, water etc for the potential investors.
