The Ministry of Electronics and Information and Technology (MeitY) has approved a proposal to set up two electronics manufacturing clusters -- one each in Telangana and Andhra Pradesh -- at a cost of Rs 667 crore and Rs 340 crore, respectively. In his tweets, Ajay Kumar, additional secretary, MeitY stated that the center has given approval for 500-acre electronics manufacturing cluster to be set up by the Andhra Pradesh Industrial Infrastructure Corporation in Chittoor in Andhra Pradesh at a project cost of Rs 340 crore. A 600-acre electronics manufacturing cluster is to be set up by TSIIC in Hyderabad at a cost of cost Rs 667 crore. The two centers are part of the 2013 Electronics Manufacturing Clusters (EMC) scheme to encourage local manufacturing of electronics components and to reduce dependence on the import of electronics components from countries such as China and South Korea. The EMCs scheme provides grant assistance for setting up of both greenfield and brownfield EMCs across the country.

The financial assistance under the scheme is in the form of grant-in-aid only. According to officials in MeitY, the process to set up a project is simple. An application can be made by a special purpose vehicle created for the purpose or by a chief promoter who may be a public-sector or private-sector entity. – The New Indian Express


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