- The Union Ministry of Electronics and IT recently approved the greenfield Electronic Manufacturing Cluster (EMC) at Pune.
- The greenfield EMC project in Maharashtra is to be established at a cost of Rs.492.85 crore in Ranjangaon, near Pune.
- This is to be the state’s first EMC project.
- It is expected to bring in over Rs 2,000 crore in investments.
- The Central Government’s approval was given to Maharashtra’s State Industrial Agency and Maharashtra Industrial Development Corporation. Of the total cost, Rs 207.98 crore will be from the Central Government and the remaining Rs 284.87 crore will be funded by the MIDC and the State Industrial Agency.
- The Indian government launched the EMC Scheme in 2012, under the Ministry of Electronics and IT.
- Up to 50% in case of greenfield projects (with a ceiling of Rs.50 crore per 100 acres)
- Up to 75% in case of brownfield project (with a ceiling of Rs.50 crore per project)
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