- The government of India has recently notified EMC 2.0 scheme
- Haryana government is in talks with two MNCs from Japan and China
Haryana government has sent proposals to set up an electronics manufacturing cluster (EMC) at the industrial township located in Sohna. The Hindustan Times quoted Anurag Agarwal, MD, Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), saying that the agency has drafted a proposal and sent it as an application to the Union ministry of electronics and information technology.
The government of India has recently notified EMC 2.0 scheme. This scheme, as per the Government of India, is taken towards the development of world-class infrastructure along with common facilities and amenities through Electronics Manufacturing Clusters (EMCs).
It will provide financial assistance of up to 50 per cent of the project cost subject to a ceiling of Rs 70 crore per 100 acres of land for setting up of Electronics Manufacturing Cluster projects. The total outlay of the propose EMC 2.0 Scheme is Rs 3,762.25 crore.
Manufacturing semiconductor chips & electronics components
The state government aims to helps companies manufacture semiconductor chips & electronics components at the proposed EMC. Agarwal informed that the government is in talks with MNCs from Japan and China. The proposed cluster might house two anchor units.
These anchor units will further support the vendors. It is to be noted here that Sohna is located near India’s capital New Delhi. It is also in close proximity with Gurugram, Noida, Ghaziabad and Faridabad. Some of the world’s largest auto companies including Maruti Suzuki and Honda also have plants in the area. Given the rise of electrical vehicles, these companies might also be able to profit from setting up of an EMC.
The Haryana government has drafted a new land lease policy. Under this policy, the initial lease (testing period) is available for ten years, which can be extended to 99 years as well.