Idco seeks industry contribution for Info-valley EMC.

The Odisha Industrial Infrastructure Development Corporation (Idco) has asked the India Electronics and Semiconductor Association (IESA), the trade body representing the Electronic System Design and Manufacturing (ESDM) industry, to collect at least 10 per cent of the fund requirement for setting up of Electronic Manufacturing Cluster (EMC) in the state from industrial institutions/associations.

The stipulated industry contribution for the proposed cluster is one of the prerequisites for getting the Union government's final approval for the project.

The Department of Electronics and Information Technology (DEITY) under the Union Ministry of Communications and Information Technology has accorded in-principle approval for the cluster to be developed over 215.76 acres of land at Info-valley complex, on the outskirt of Bhubaneswar.

IESA is assisting the state government for setting up the EMC under the Electronic Manufacturing Clusters Scheme of DEITY.

Other requirements to be complied within six months of getting the in-principle nod to obtain the formal approval from DEITY are formation of the SPV (special purpose vehicle), procurement of land for the project, preparation of drawings and designs of the work and their detailed cost estimates and a firm implementation schedule (component/activity wise) specifying milestones and time lines.

Idco has already initiated steps on formation of SPV and procurement of land.



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