Indian Economy News

Government announces electronics manufacturing cluster in Maharashtra worth Rs. 500 crore (US$ 60.28 million)

  • IBEF
  • November 1, 2022

Union Minister of State for Electronics & Information Technology and Skill Development & Entrepreneurship, Mr. Rajeev Chandrasekhar, stated that an Electronics Manufacturing Cluster worth Rs. 500 crore (US$ 60.28 million) will be established in Ranjangaon, Maharashtra. The Electronics Manufacturing Cluster (EMC) is expected to attract over Rs. 2,000 crore (US$ 241.14 million) in investment, with the potential to create thousands of jobs in the future years.

Ranjangaon (Maharashtra) now joins the increasing list of states, including Tamil Nadu, Noida, and Karnataka, that are striving to become a flourishing electronics powerhouse. The total cost of developing the EMC is Rs. 492.85 crore (US$ 60.28 million), of which the government of India would provide Rs. 207.98 crore (US$ 25.11 million) and the Maharashtra Industrial Development Corporation will contribute Rs. 284.87 crore (US$ 34.28 million).

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