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  Business   In Other News  01 Aug 2017  TS, AP get nod for electronic clusters

TS, AP get nod for electronic clusters

THE ASIAN AGE.
Published : Aug 1, 2017, 12:57 am IST
Updated : Aug 1, 2017, 12:57 am IST

Ajay Kumar, additional secretary, ministry of electronics and IT tweeted that the Centre has given approval to both these clusters.

The Telangana government had requested the Centre to sanction two EMC, one at e-City at Raviryal and another one at Science Park at Maheswaram near the international airport.
 The Telangana government had requested the Centre to sanction two EMC, one at e-City at Raviryal and another one at Science Park at Maheswaram near the international airport.

Hyderabad: In a boost to electronic manufacturing sector in Telugu states, the Centre on Monday approved setting up of two electronic manufacturing clusters in Telangana and Andhra Pradesh.

TS Industrial Infrastructure Corp will set up the cluster in 600 acres at Raviryal on the outskirts of the city at a cost of Rs 667 crore, while APIIC will set up the cluster in 500 acres in Chittoor in AP at a cost of Rs 340 crore.

Ajay Kumar, additional secretary, ministry of electronics and IT tweeted that the Centre has given approval to both these clusters.

“Approval by @GoI_MeitY for 600 acre Electronic Mfg Cluster to be set up by TSIIC in Hyderabad. Project Cost Rs 667 cr.@TelanganaCMO @KTRTRS,” Mr Kumar said in a tweet.

Reacting to it, TS IT and industries minister KT Rama Rao tweeted, “thanks Ajay Ji for the good news.”

When contacted a senior official of Telangana government said they applied for two clusters and approval for the second one is awaited.

He however, did not give any time-frame. Explaining about the cluster, the official said in a bid to reduce dependence on the import of electronic components, the Centre, in 2013 devised a scheme to encourage local manufacturing.

“Under the EMC scheme, the Union ministry of electronics and IT would support about one third of the total project cost for setting up EMC. The rest of the fund has to be arranged by the respective state government,” the official said.

Tags: telangana government, electronic manufacturing clusters