Bhiwadi, Jan 18 (KNN) Two major electronics manufacturing projects have been launched at Electronic Industries Association of India (ELCINA) cluster in Bhiwadi, said the electronics body.

The two projects are Sahasra Semiconductors for manufacturing high-tech NAND Flash Memories and EPack Durables Solutions, a mega project for mfg energy efficient Room Air Conditioners.

According to a statement by ELCINA, Sahasra group has commenced the construction of its new subsidiary Sahasra Semiconductors’ plant at Electronics Manufacturing Cluster (EMC) of ELCINA.

This is the first cluster project launched by members of ELCINA, under the Electronics Manufacturing Cluster Scheme 1.0 of National Policy on Electronics 2012 of the Ministry of Electronics and Information Technology (MeitY).

Foundation stone was laid by Saurabh Gaur, Joint Secretary, Ministry of Electronics & IT, Government of India, in the presence of other investors in the cluster and key stakeholders.

''Sahasra Semiconductor plans to commence operation later this year with over 100 employees and a total capital outlay of about Rs 150 crores,'' ELCINA said in a statement on Monday.

Sahasra Semiconductors plans to package NAND flash memories that will find application in Mobile phones, Laptops, Notebooks, iPads, data storage Servers, Solid State Drives (SSDs) and other IT products.

As per the statement, the company has been approved to receive Government incentives under the Production-Linked Incentive (PLI) scheme under the Electronic Components vertical, notified by the MeitY.

Electronic Components and products market is set to grow at 25 per cent annually for the next 5 years and the company expects to grow its revenue to well over Rs 1000 crore in the next 5 years.

Gaur congratulated Sahasra Group for taking a bold step in making the country self-reliant in Semiconductors with the first of its kind ATMP and OSAT plant to be set up in NCR.

He also assured the industry delegates that the government is committed to initiatives towards “Ease of Doing Business” and for working with the Electronics Industry to become a major manufacturing hub for the Globe.

Chairman of Sahasra Group, Amrit Manwani, conveyed his sincere appreciation for the support provided by MeitY accepting the project under the PLI Scheme and also thanked the Government of Rajasthan, specially RIICO and Bureau of Industry Promotion for their unstinted support.

BIP has accepted the project for support under their Special Package applicable for projects with investments over Rs 100 crores.

Simultaneously, Chairman BL Bothra of East India Group, a major investor in the EMC, also announced and launched their mega project for manufacturing Room Air Conditioners at the ELCINA cluster by their flagship company, E-Pack Durables Solutions Pvt Ltd (EDSPL).

The company is the 2nd largest manufacturer of RAC’s in the country with a turnover of Rs 1200 crores. They would invest over Rs 100 crores in Phase-I and generate employment for 800 persons.

The project would start its commercial production within next 6 months where it will manufacture AC’s for the top Global and Indian brands.