Wednesday, 30 August 2017

#MarketWatch Two Electronics parks in Telangana get Centre’s nod The Ministry of Electronics and Information and Technology has given approval for two electronics manufacturing clusters called Electronics Park in Telangana. While the first one is all set to come up in e city at Raviryal, 20 km from Shamshabad International Airport, the second one will come up in Maheshwaram Science Park at Maheshwaram. A 600-acre electronic manufacturing cluster is to be set up by TSIIC in Hyderabad at a cost of cost Rs 667 crore which will be generated through a mix of grant and resources from proposed units. It will have a central grant of Rs 240 crore and the remaining Rs 437 crore would be mobilized by the state government and through units, which are interested to set up shop in the cluster. Now the State plans to attract electronic companies to make an investment in the park and set up their units. It will serve both assembly as well as manufacturing units and will have common facilities that the companies can use. A huge domestic market exists in conjunction with the right set of ingredients to create a thriving electronics manufacturing sector. The sector will not only attract manufacturers to the State and bring in more investments but also will provide jobs to thousands of skilled youth.

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