Info-tech

Govt plans electronic manufacturing clusters between Noida and Meerut

S Ronendra Singh Greater Noida | Updated on January 25, 2019 Published on January 25, 2019

Ravi Shankar Prasad   -  AP

To attract investments worth ₹3,500 crore

The Ministry of Electronics and Information Technology (MeitY) on Friday said electronics manufacturing clusters should come up between Noida and Meerut in Uttar Pradesh, which can also become an export hub.

The government will also think of waiving stamp duties on such projects as an incentive to promote electronic manufacturing in the area.

“Uttar Pradesh has the potential to take the lead position in electronic exports. Our government has taken a number of initiatives to promote this sector and new policy initiatives, including electronic policy and cluster policy,” Ravi Shankar Prasad, MeitY minister, said here during the inauguration ceremony.

M-SIPS programme

He said the State has benefited from the Central initiatives and investment worth over ₹22,000 crore under the Modified Special Incentive Package Scheme (M-SIPS) programme and 22 projects worth over ₹10,000 crore have already been cleared by MeitY.

“Applications for 59 projects worth around ₹23,000 crore were received of which 22 projects worth ₹10,500 crore were approved by my Ministry in Uttar Pradesh (Noida, Greater Noida) under the M-SIPS programme,” Prasad said.

He also added that there are 268 mobile phones and components manufacturing units in India now, from only two in 2014, and out of these 94 facilities are in Noida and Greater Noida.

Prasad, along with the UP Chief Minister Yogi Adityanath, laid the foundation stone for the manufacturing cluster in Greater Noida, spread over 100 acres. The project has been approved under the EMC scheme of MeitY and Tegna Electronics is setting up facilities here.

Tegna Electronics is a special purpose vehicle (SPV), incorporated under the Companies Act, 2013 and constitutes investors such as Oppo Mobiles, Foxlink Group, Waffer Group, Sahasra and Infopower Group.

The cluster is expected to attract investments worth ₹3,500 crore over the next 5-10 years and generate employment opportunities for around 30,000 people and indirect employment for around one lakh.

These units will manufacture products such as point of sales (PoS) systems, power banks, AC adapters, USB, SSD and memory cards.

Published on January 25, 2019
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