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An electronics hardware manufacturing cluster (EMC) park will come up at Sri City, a business city located 55 km north of Chennai.
Sri City signed an agreement with the Manufacturers’ Association for Information Technology (MAIT) on Saturday to enable association members to set up units in the city. MAIT has 102 members including Nokia, Lenovo, Apple and Microsoft. The EMC park will have manufacturing units, component manufacturers of IT products, a common facility testing centre and facilities to train workers.
Sri City will provide 100 acres of land for the park in phase I and subject to demand, an additional 50 acres in phase II, according to a joint press release.
The park will be co-branded and named Sri City-MAIT Electronics Hardware Manufacturing Cluster Park. This will be a special purpose vehicle, said Ravindra Sannareddy, Managing Director, Sri City. This park will offer readily available land and infrastructure. The cost of land in Sri City will be one-fourth the price of land in the Sriperumbudur region, he said. The potential clients who will set up units inside the park have yet to be identified, said J.V. Ramamurthy, President, MAIT.
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