The project envisages the ESDM (Electronics System Design & Manufacturing) companies to set up Anchor units in Karnataka under the ‘EMC 2.0’ scheme by the Government of India.
Karnataka Innovation and Technology Society (KITS) has invited Expression of Interest (EoI) for setting up Electronic Manufacturing plants as Anchor units.
The interested firms can submit their EoI by sending an email to firstname.lastname@example.org with the subject “Expression of Interest for EMC 2.0” within 15th March 2022.
Karnataka is the 4th largest Electronics manufacturer in the country accounting for 10% of the Total Electronic Industrial output. The state is home to more than 300 export-oriented units.
Karnataka‘s contribution to the national share stands at ~50% in electronic product companies and 40% in Electronic design. Karnataka has immense potential in the manufacturing of high-value electronic components.
Electronics, Systems Design & Manufacturing (ESDM) sector has seen rapid growth in the past decade, riding on the increasing demand from emerging market economies.
Ministry of Electronics and Information Technology (MeitY) – The Government of India introduced EMC 2.0 scheme back in April 2020.
The objective of the EMC 2.0 scheme is to provide Financial Assistance to Set up/Expand EMC projects and to improve Amenities/Logistics to promote Ease of Doing Business in the Electronic industry.