The Ministry of Electronics and Information Technology (MeitY) has approved the establishment of an Electronic Manufacturing Cluster (EMC) at Dharwad.
The Union Minister of State for Skill Development & Entrepreneurship and Electronics & IT, Rajeev Chandrasekhar announced the same in Bengaluru yesterday.
The project, which is being set up at Kotur-Belur Industrial Area in Dharwad District of Karnataka under the EMC 2.0 scheme, is expected to catalyze investments to the tune of over ₹1,500 Crores.
Nine companies, including start-ups, have already committed to making investments totaling ₹340 crore, with an employment potential of 2,500 people.
The cluster will attract Rs 1,500 crore in investment and create 18,000 jobs, which will strengthen the economy of the Dharwad district as well as the state.
The EMC has a strategic location advantage and is well connected with NH-48 (1 km) and Hubballi Airport (around 30 km), which will reduce the industry’s logistics/transportation costs in the EMC.
On April 1, 2020, the Modified Electronics Manufacturing Cluster (EMC 2.0) scheme was launched with the goal of developing world-class infrastructure as well as common testing facilities.
EMC 2.0 facilities include plug-and-play infrastructure for attracting anchor units and their connected supply chain to set up manufacturing or production facilities.
“Karnataka is emerging as a Global Electronics Manufacturing hub for India, as it hosts telecom giants like Apple in Kolar (Wistron) and Devanahalli (Foxconn),” said Rajeev Chandrashekar at the event.
These new investments are creating jobs and development. The Narendra Modi government is committed to build India as a manufacturing hub as part of its ‘Atmanirbhar Bharat’ policies,” he added.