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Minister of Electronics and Information Technology Ravi Shankar Prasad is going to launch electronics cluster at Bhiwadi on Saturday, where around 19 companies will be setting up facilities at an investment of ₹600 crore.
“Around 50 acres of land will be utilised for setting up the facilities in the first phase and 50 acres in the second phase in future,” sources closed to the development told BusinessLine .
According to the sources, the 19 companies that are investing in the cluster include Fiem Industries (known for electrical lightings), Deki Electronics (known for polyster film capacitors for electronic items), Elin Electronics (known for designing and manufacturing of tools, metal parts, plastic parts and motors) and Sahasra Electronics (known for PCB fabrication, lightings).
All these investors are home-grown companies and are part of the Electronic Industries Association of India (Elcina), which is helping the companies to set up their manufacturing facilities in a cluster so that they can get better management in terms of logistics, etc.
Partnership“Around 30 acres of the total land will be used for setting up the manufacturing plants and the rest would be utilised in building lanes, sewage and green areas,” an official at Elcina said.
Apart from Elcina, the government is partnering with a lot of other associations to make companies set up their facilities in the ‘Electronic Cluster’.
According to Prasad, the government is looking at 18 electronics manufacturing clusters in 400 towns and cities in the next few years.
Some of the States where these clusters are coming up include Andhra Pradesh, Haryana, Gujarat, Jharkhand, Madhya Pradesh, Karnataka, Kerala, Rajasthan and Telangana. Companies investing in these clusters are also getting some benefits under the Modified Special Incentive Package Scheme (M-SIPS), which the Cabinet approved recently.
The scheme has attracted investments in the ESDM sector to the tune of ₹1.26 lakh crore, of which investments of around ₹17,997 crore have been approved by the Ministry of Electronics and IT.
OpportunityThe policy covers all States and districts and provides them an opportunity to attract investments in electronics manufacturing. So far, 243 applications have been received under the scheme, out of which 75 applications have been approved involving investment proposals of ₹17,997 crore, Prasad said.
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