IESA and MCCIA to set up electronic manufacturing cluster in Pune

BANGALORE, INDIA: India Electronics and Semiconductor Association (IESA) is assisting Government of Maharashtra towards setting up a Brownfield Electronic Manufacturing Cluster (EMC) in Pune.

It has signed a Memorandum of Understanding (MoU) with MCCIA (Mahratta Chamber of Commerce, Industries and Agriculture) for collaboration under the Electronics Manufacturing Clusters Scheme of Department of Electronics and Information Technology (DeitY), Government of India.

The ESDM industry is estimated to reach $400 billion which will need the cumulative investment of about $100 Billion and generate employment of around 28 million. The proposed Brownfield EMC cluster in Pune, will bring immense opportunities to the electronics industry, academia and other stakeholders.

"The State Government has identified ESDM as a sector of focus. As one of the salient initiatives in this direction, the state has decided to set up three Brownfield EMCs at Pune, Aurangabad and Navi Mumbai. Being the hubs of ESDM industry in the state, the EMC will provide common facilities for production and R&D support services which will benefit the local companies in terms of cost competitiveness, faster turnaround time. Besides the funding support available from DeitY, GoI under its EMC Scheme, the state will also extend its pro-active support to enable these clusters to be set up at the earliest," said P. Anabalgan, IAS, joint CEO, MIDC (Maharashtra Industrial Development Corp.).

"Pune has successfully established itself as the engineering hub for automotive sector nationally as well as internationally and got enormous industrial potential to be the next manufacturing hub of India. MCCIA is thrilled to have IESA onboard for the Brownfield EMC setup in Pune and envisions the ESDM sector to achieve the same zenith of success. Brownfield setup will benefit the city and people in myriad ways and also pave the way by increasing employability," said Anant Sardeshmukh, director general, MCCIA.

Ashok Chandak, chairman, IESA stated: "IESA is closely working with Government and Industry to make India a default destination for electronics design led manufacturing. As one of the major step in realizing this vision, IESA and MCCIA have decided to collaborate towards setting up Pune's electronic manufacturing cluster. Leveraging the initiatives of MIDC and entrepreneurial ecosystem, Pune can drive innovation in electronics sector and catalyze the economic growth of the region."

As per the guideline of the EMC Scheme, a Special Purpose Vehicle (SPV) in the form of a Public Limited Company under the Indian Companies Act 1956 will be set up to implement the project . MICCA along with private 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.