Centre approves setting up of electronic clusters in Hyderabad
Updated: Jul 16, 2013 03:43:01pm
Hyderabad, Jul 16 (KNN) The Department of Electronics and Information Technology at the centre has approved the setting up of two Greenfield Electronic Manufacturing Clusters (EMCs) here at a cost of Rs 940 crore.
The standing committee on clusters of the central government department gave in-principle approval for the two EMCs, state information and communication technology minister Ponnala Lakshmaiah informed reporters yesterday.
The first cluster will come up at eCity which was formerly called the Fab City on the outskirts of Hyderabad in an area of 602.37 acres at a cost of Rs 580 crore.
It would have a Special Economic Zone (SEZ) area of 263 acres and non-SEZ area of 339 acres and it is expected to create 35,000 jobs directly besides providing indirect employment of 2.1 lakh people.
The Electronics Industries Association of Andhra Pradesh has committed to invest a major part of the estimated Rs 1,800 crore investments in eCity, according to Lakshmaiah.
Another EMC would come up at Maheshwaram in Ranga Reddy district, also on the outskirts of Hyderabad. This 310 acre Greenfield cluster would be developed at a cost of Rs 360 crore.
The second EMC is expected to attract an investment of Rs 800 crore and create direct employment for 14,000 people, besides indirect employment for 84,000 people.
"We are trying to attract investments from industry associations in tune with the state electronic hardware policy announced last year. Those setting up units in the EMCs will be eligible for various incentives provided by the state and central governments," Lakshmaiah said.
He also said the proposal for setting up a third EMC at Parawada in Visakhapatnam over 100 acres was under the consideration of the central government.
"We are now witnessing an information technology revolution in the country and hardware is critical to it," the minister said.
There are already 300 electronic hardware manufacturing units in the state doing a business of Rs 6,500 crore. There are already six brown-field electronic clusters in existence in Hyderabad, Ranga Reddy, Medak, Chittoor, Krishna and Visakhapatnam districts. These units too can now avail of the incentives under the Hardware Policy, the Minister added.
Information Technology secretary Sanjay Jaju was also present on the occasion. (KNN)
The standing committee on clusters of the central government department gave in-principle approval for the two EMCs, state information and communication technology minister Ponnala Lakshmaiah informed reporters yesterday.
The first cluster will come up at eCity which was formerly called the Fab City on the outskirts of Hyderabad in an area of 602.37 acres at a cost of Rs 580 crore.
It would have a Special Economic Zone (SEZ) area of 263 acres and non-SEZ area of 339 acres and it is expected to create 35,000 jobs directly besides providing indirect employment of 2.1 lakh people.
The Electronics Industries Association of Andhra Pradesh has committed to invest a major part of the estimated Rs 1,800 crore investments in eCity, according to Lakshmaiah.
Another EMC would come up at Maheshwaram in Ranga Reddy district, also on the outskirts of Hyderabad. This 310 acre Greenfield cluster would be developed at a cost of Rs 360 crore.
The second EMC is expected to attract an investment of Rs 800 crore and create direct employment for 14,000 people, besides indirect employment for 84,000 people.
"We are trying to attract investments from industry associations in tune with the state electronic hardware policy announced last year. Those setting up units in the EMCs will be eligible for various incentives provided by the state and central governments," Lakshmaiah said.
He also said the proposal for setting up a third EMC at Parawada in Visakhapatnam over 100 acres was under the consideration of the central government.
"We are now witnessing an information technology revolution in the country and hardware is critical to it," the minister said.
There are already 300 electronic hardware manufacturing units in the state doing a business of Rs 6,500 crore. There are already six brown-field electronic clusters in existence in Hyderabad, Ranga Reddy, Medak, Chittoor, Krishna and Visakhapatnam districts. These units too can now avail of the incentives under the Hardware Policy, the Minister added.
Information Technology secretary Sanjay Jaju was also present on the occasion. (KNN)
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