ITV

Tag: ESDM

  • Electronic Manufacturing Cluster in Au’bad gets govt nod

    NEW DELHI: The the first Brownfield Electronic Manufacturing Cluster (EMC) in Aurangabad under the Electronic Manufacturing Clusters (EMC) scheme has received final approval from the Electronics and Information Technology Ministry.

    India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry, is assisting the state in this project. Reinstating their commitment to the Maharashtra region, IESA also announced their foray into Pune by officially announcing their Pune Chapter launch.

    The EMC will not only benefit the local companies by providing them common facilities and R&D support services, but, will also provide a huge boost to the electronics manufacturing in the region. The state government is committed towards the development of the ESDM sector in the state and contribution towards realization of ‘Make in India’ agenda,” Maharashtra Industrial Development Corporation CEO Sanjay Sethi said.

    The Brownfield EMC cluster, located at Shendra Five star Industrial Area, Aurangabad district is expected to have a common facility centre which will include an Electronics Manufacturing Centre, Electronics Design & Test Lab, Modular Cabinet Manufacturing Centre and Skill Development/Training Centre.

    The centre will be spread across a total area of 50,647 sq. ft. and the aggregate cost of the project is estimated at Rs 483.4 million. This particular project is divided into two phases and the Phase 1 has got the final approval to go ahead and is estimated to be completed within the next 12 months. Investment for the Phase 1 is projected at Rs 285.7 million, which includes investment in plant & machinery and park infrastructure. IESA had engaged with Deogiri Electronic Cluster Pvt. Ltd for the preparation of Detailed Project Report (DPR) for the EMC.

    “We aspire to build the city of Aurangabad as the future hub for ESDM in the country. It is a pleasure to be associated with MIDC and IESA in building the common facility centre. We believe that Aurangabad has the potential and will be a key contributor in transforming India into an ESDM hub,” said Suresh Todkar, Director of Deogiri Electronic Cluster Pvt. Ltd. (DECPL).

    IESA Chairman K Krishna Moorthy said, “Our vision is to help digitally transform India and make it the design and manufacturing hub at a global level by strengthening the ESDM ecosystem. We believe that by connecting early with all technology hubs of the nation would give us the ability to make our vision a reality.

    This EMC, now to be set up in a city that was part of the 1st wave of industrial revolution in India many decades ago and thereby having a strong R&D culture in its DNA, will naturally nurture product design and manufacturing in the ESDM industry, I believe. Establishment of the EMC and incubation facility is a visionary step and we appreciate the government of Maharashtra, MIDC and DECPL for their commitment and intense efforts to build a robust electronics development ecosystem in the state.”

  • Sops offered to promote indigenous electronics industry

    Sops offered to promote indigenous electronics industry

    NEW DELHI: In a move to give incentive to the electronics sector, the Government has taken steps to expedite investments into the Electronics System Design and Manufacturing (ESDM) sector in India to achieve the goal of ‘Net Zero imports’ in electronics by 2020.

    The Modified Special Incentive Package Scheme (M-SIPS) is expected to create employment opportunities and reduce dependence on imports. The projects already received under the scheme have the potential to generate employment to the extent of up to one million persons (direct and indirect).

    Under the amendments, applications will be received under the scheme upto 31 December 2018 or till such time that an incentive commitment of Rs 100,000 million is reached, whichever is earlier. In case the incentive commitment of Rs 100,000 million is reached, a review will be held to decide further financial commitments.

    A separate Committee headed by Cabinet Secretary and comprising of Niti Aayog CEO, Expenditure Secretary, and Ministry of Electronics and Information Technology (MeitY) will be set up in respect of mega projects, envisaging more than Rs 68,500 million (approximately US$ 1 billion) investments.

    The Policy covers all States and Districts and provides them an opportunity to attract investments in electronics manufacturing.

    So far, 243 applications have been received under the scheme, out of which 75 applications have been approved involving investment proposals of Rs 179,970 million.

    In the cabinet meeting held under the chairmanship of the prime minister Narendra Modi, the amendments that were approved say that for new approvals, the incentive under the scheme will be available from the date of approval of a project and not from the date of receipt of application.

    The incentives will be available for investments made within five years from the date of approval of the project.

    Approvals will normally be accorded to eligible applications within 120 days of submission of the complete application.

    A unit receiving incentives under the scheme, will provide an undertaking to remain in commercial production for a period of at least three years.

    The Appraisal Committee recommending approval of project will be chaired by Secretary, Ministry of Electronics and IT.

    The Cabinet had in July 2012 approved the M-SIPS to provide a special incentive package to promote large scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector. The scheme provides subsidy for capital expenditure – 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.

    The Scheme was amended in August, 2015 for scope enhancement and simplification of procedure. The Scheme has attracted investments in the ESDM sector to the tune of Rs 1,268,380 million, of which investments of around Rs 179,970 million have been approved by the MeitY. The M-SIPS has been able to create positive impact on investment in electronics sector.

  • Sops offered to promote indigenous electronics industry

    Sops offered to promote indigenous electronics industry

    NEW DELHI: In a move to give incentive to the electronics sector, the Government has taken steps to expedite investments into the Electronics System Design and Manufacturing (ESDM) sector in India to achieve the goal of ‘Net Zero imports’ in electronics by 2020.

    The Modified Special Incentive Package Scheme (M-SIPS) is expected to create employment opportunities and reduce dependence on imports. The projects already received under the scheme have the potential to generate employment to the extent of up to one million persons (direct and indirect).

    Under the amendments, applications will be received under the scheme upto 31 December 2018 or till such time that an incentive commitment of Rs 100,000 million is reached, whichever is earlier. In case the incentive commitment of Rs 100,000 million is reached, a review will be held to decide further financial commitments.

    A separate Committee headed by Cabinet Secretary and comprising of Niti Aayog CEO, Expenditure Secretary, and Ministry of Electronics and Information Technology (MeitY) will be set up in respect of mega projects, envisaging more than Rs 68,500 million (approximately US$ 1 billion) investments.

    The Policy covers all States and Districts and provides them an opportunity to attract investments in electronics manufacturing.

    So far, 243 applications have been received under the scheme, out of which 75 applications have been approved involving investment proposals of Rs 179,970 million.

    In the cabinet meeting held under the chairmanship of the prime minister Narendra Modi, the amendments that were approved say that for new approvals, the incentive under the scheme will be available from the date of approval of a project and not from the date of receipt of application.

    The incentives will be available for investments made within five years from the date of approval of the project.

    Approvals will normally be accorded to eligible applications within 120 days of submission of the complete application.

    A unit receiving incentives under the scheme, will provide an undertaking to remain in commercial production for a period of at least three years.

    The Appraisal Committee recommending approval of project will be chaired by Secretary, Ministry of Electronics and IT.

    The Cabinet had in July 2012 approved the M-SIPS to provide a special incentive package to promote large scale manufacturing in the Electronic System Design and Manufacturing (ESDM) sector. The scheme provides subsidy for capital expenditure – 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.

    The Scheme was amended in August, 2015 for scope enhancement and simplification of procedure. The Scheme has attracted investments in the ESDM sector to the tune of Rs 1,268,380 million, of which investments of around Rs 179,970 million have been approved by the MeitY. The M-SIPS has been able to create positive impact on investment in electronics sector.