Electronics and Information Technology Rajeev Chandrasekhar announced that an Electronics Manufacturing Cluster is to be developed in the Ranjangaon area of Maharashtra.
The Electronics Manufacturing Clusters will be developed for ₹500 crores. Electronics Manufacturing Clusters are expected to generate thousands of jobs in the coming years and will attract an investment of over ₹2,000 crores.
Key Points:
Union Minister Rajeev Chandrasekhar informed that the Electronics Manufacturing Clusters have been approved to make Maharashtra into an electronics hub.
The government will invest upto ₹500 crore in this project.
The Electronics Manufacturing Clusters project has joined Tamil Nadu, Noida, and Karnataka in making an aggressive pitch to emerge as a powerful electronic hub.
The government to contribute ₹207.98 crores in the development of the Electronics Manufacturing Clusters in Ranjangaon.
The overall cost of development of the EMC is likely to be ₹492.85.
The Central Government will contribute ₹207.98 crores and the rest will be contributed by the Maharashtra Industrial Development Corporation (MIDC), the State Industrial Agency of the Maharashtra Government.
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