Odisha government is eying Rs 1,000 crore investment in the proposed Greenfield Electronics Park, spread over an area of 203 acres, in state capital Bhubaneswar.
The cluster has been given final approval by the Ministry of Electronics and Information Technology and the park is ready to house around 100 units of electronics manufacturing cluster.
Electronics manufacturing has been recognised as one of the five focus sectors to attract investment. The state has formulated attractive investor-friendly policies such as Industrial Policy Resolution 2015 and ICT Policy 2014 to facilitate and incentivise investors in electronics manufacturing sector.
In addition, the state has a Special Incentive Package Scheme which provides incentives to electronics manufacturing companies over and above the m-SIPS scheme of the Centre.
The project envisages to create an attractive ecosystem for electronics manufacturing industry in the state and boost employment opportunities for the youth in the state.