The Times of India: March 11, 2015
Lucknow: India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry has announced the submission of Detailed Project Report (DPR) for proposed Electronics Manufacturing Cluster (EMC) in Pune, in association with Mahratta Chamber of Commerce Industries and Agriculture (MCCIA).
As knowledge partners to MIDC and MCCIA, IESA has extended support to prepare and submit the preliminary application with the project report for a proposed CFC (Common Facilities Centre) in Pune, under the guidelines of the EMC scheme of DeitY, GoI. The Government of Maharashtra will now submit the preliminary application to the Department of Electronics and Information Technology (DeitY) for their in-principle approval.
The EMC project will have a large role in redefining the future of electronics design and manufacturing in the state. The cluster will be located in Pimpri Industrial Area, spread over 27,000 sq feet and is estimated to have an investment of Rs 70.89 crores. The objective is to set up a Common Facility Centre (CFC), by supporting the existing brownfield industrial cluster in Pune, offer State-of-the-Art facilities and support existing units to help local electronics industry move higher in the product value chain.
The cluster will encompass common facilities for production support services like Designing Center, Surface Mount Technology Line, EMC / EMI and Environment Lab, Test and Measurement Lab, Rapid Prototyping and Tool Room. As per the guideline of the EMC Scheme, a Special Purpose Vehicle (SPV) in the form of a Section 25/Section 8 Company under the Indian Companies Act 2013, named 'MCCIA Electronic Cluster Foundation', will be set up to implement the project. MCCIA along with seven private ESDM companies, industry associations, financial institutions, research & development institutions, state or local governments or their agencies and units within the EMC will lend its support for promoting the SPV.
Taking the engagement further, IESA has been entrusted by Maharashtra Industrial Development Corporation (MIDC), to set up an ESDM Incubation Center in Pune. This is another major step towards addressing specific requirements of the local industry thereby increasing domestic value addition and reducing the reliance on imports - be it at the components or product level.
"The city of Pune has a rich history of research and innovation and over the years it has emerged as the engineering capital of our country coupled with a powerful entrepreneurial eco-system of well-known technology start-ups. Establishing its leadership position in the areas of automotive, engineering, R&D etc., we strongly believe the city can contribute significantly into the future growth of the electronics and semiconductor sector in India," said Bhushan Gagrani, CEO, Maharashtra Industrial Development Corporation.
The incubation center will promote entrepreneurship and spearhead innovation and R&D by igniting electronics development for the nation. IESA will play a larger role in defining the overall business model and processes at the incubation center comprising of evaluation of start-up projects, mentorship model, organizational structure, day to day operations, financing models and analyzing the possible outcomes.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.