Pune to get EMC and incubation center
Pune to get EMC and incubation center. IESA is working with MIDC is establishing Pune’s first ESDM Incubation Center. Detailed Project Report (DPR) for this project is submitted. EMC is going to be located in Pimpri Industrial Area, spread over 27,000 sq ft. and is estimated to have an investment of Rs. 70.89 crores.
IESA said "The objective is to set up a Common Facility Centre (CFC), by supporting the existing brownfield industrial cluster in Pune, offer State-of-the-Art Facilities and support Existing Units to help local electronics industry move higher in the product value chain. The cluster will encompass common facilities for production support services like Designing Center, Surface Mount Technology Line, EMC / EMI and Environment Lab, Test and Measurement Lab, Rapid Prototyping and Tool Room."
"As per the guideline of the EMC Scheme, a Special Purpose Vehicle (SPV) in the form of a Section 25/Section 8 Company under the Indian Companies Act 2013, named ‘MCCIA Electronic Cluster Foundation’, will be set up to implement the project. MCCIA along with seven private ESDM 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." stated in the release by IESA.
“The city of Pune has a rich history of research and innovation and over the years it has emerged as the engineering capital of our country coupled with a powerful entrepreneurial eco-system of well-known technology start-ups. Establishing its leadership position in the areas of automotive, engineering, R&D etc., we strongly believe the city can contribute significantly into the future growth of the electronics and semiconductor sector in India,” said Bhushan Gagrani, CEO, Maharashtra Industrial Development Corporation.
“We witnessed government’s commitment to transform India as a manufacturing nation and it is time for the industry to rise to the occasion. Taking cues from the automotive sector, we envisioned Pune as the hub for engineering, design, innovation and manufacturing in the ESDM space. We are thrilled with our ongoing association with IESA for the brownfield EMC project and with their strategic inputs, we have inched closer to the implementation of the project. Now, it requires a speedy approval to continue the momentum and transform Pune as the Innovation Hub.” said Anant Sardeshmukh, Director General, Mahratta Chamber of Commerce Industries and Agriculture.
“As a country striving to transform itself into an ESDM hub, Maharashtra can play a pivotal role by strengthening product design and development, primarily focused around the industries sectors that are already thriving in the state. Establishment of the EMC and incubation facility is a visionary step and we appreciate the government of Maharashtra, MIDC and MCCIAfor their commitment and intense efforts to build a robust development ecosystem in the state,” said Ashok Chandak, Chairman, IESA.