Nine companies have already committed Rs 340 crore of investments at this EMC, which has a strategic locational advantageÂ
In the latest update from PIB, Union Minister of State for Electronics & IT, Shri Rajeev Chandrasekhar announced the approval for the setting up of the Rs 180 crore worth Electronics Manufacturing Cluster (EMC) at Dharwad. It is noteworthy that the project is being set up at the Kotur-Balur Industrial Area in the Dharwad district of Karnataka under EMC 2.0 scheme. Along with the announcement in Bengaluru, it was suggested that the project is expected to create over 18,000 jobs and catalyse investments close to Rs 1,500 crore soon.
As per the information, nine companies, including start-ups have already committed to making investments of Rs 340 crore with an employment potential of 2,500 people. Interestingly, this EMC has a strategic locational advantage as it is well connected with NH -48 (1 Km) and Hubli Domestic Airport (33 Km), which will reduce the logistics/ transportation cost.
Moreover, it is learnt that the centre has already approved a Common Facility Centre (CFC) for the development of an advanced testing facility in Mysore, Karnataka that will meet the various testing requirement of the industry.
The Minister remarked, “Karnataka is emerging as a global Electronics manufacturing hub for the world, just as it is already a telecom hub with Apple plants in Kolar (Wistron) and Devanahalli (Foxconn). These new investments are creating jobs and development.” He further added that the government is committed to building India as a manufacturing hub as part of its ‘Atmanirbhar Bharat’ policies.
In order to create world-class infrastructure along with common testing facilities, the Modified Electronics Manufacturing Cluster (EMC 2.0) scheme was introduced on 1st April 2020. Ready Built Factory sheds/Plug & Play infrastructure was also included to attract anchor units along with their supply chain to set up their manufacturing/production facility in India.
As per the govt data, three Electronics Manufacturing Clusters over an area of 1,337 acres with a project cost of Rs 1,903 crore have been approved under the scheme. The total investment target is projected at Rs 20,910 crore.
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