Union Minister of Micro, Small & Medium Enterprises (MSME) Kalraj Mishra on Tuesday laid the foundation stone for MSME Technology Centre at Greater Noida, Uttar Pradesh. The technology centre will focus on technological and skilled manpower support to Electronics Systems Design & Manufacturing (ESDM), and automotive electronics sectors of the region.
The programme will be implemented at an estimated cost of Rs 22 billion, with an additional backing from World Bank, which will provide a loan assistance of $200 million.
The Government of Uttar Pradesh has provided 15 acres of land free of cost to build the technology centre in Greater Noida. It will be investing more than Rs 1.45 billion to create facilities around plant & machinery, development of civil, and associate infrastructure.
The technology centre will also ensure competitiveness of the MSMEs in the ESDM ecosystem by connecting them to the mainstream manufacturing sector across the globe. Apart from technological support, the centre will train nearly 3,000 trainees annually on becoming fully operational.
The technology centre is one of the 15 new such centres being established in the country by the MSME industry. It will provide support to the MSMEs in the automotive electronics sector towards their technological and skilled manpower requirements.
Since the Noida and Greater Noida area have been at the epicentre of the development of the ESDM industry in north India, the technology centre will focus on ESDM and will address the requirement of the catchment area.
By Baishakhi Dutta