Govt approves 417 Cr electronics manufacturing cluster in UP

Developed by the Yamuna Expressway Industrial Development Authority (YEIDA) throughout 206.4 acres, the EMC 2.0 will come up in Sector 10, close to Jewar Airport, which is more likely to start operations in May.

The EMC 2.0 is anticipated to be accomplished by January 2028 and is more likely to entice ₹2,500 crore in investments and create round 15,000 jobs.

“It is totally according to Prime Minister Shri Narendra Modi’s imaginative and prescient of selling manufacturing in India. It displays the federal government’s sharp deal with job creation and constructing a Viksit (developed) Bharat,” Information Technology (IT) Minister Ashwini Vaishnaw stated.

The ₹417 crore authorized by the federal government excludes the price of land however consists of central monetary help of ₹144 crore from the ministry of electronics and knowledge expertise (MeitY), with the remaining quantity to be funded by YEIDA, as per the approval doc seen by HT.

The venture is anchored by Havells, with an funding of ₹800 crore. The firm might be allotted 50 acres for the manufacturing of home home equipment comparable to followers, ACs, coolers, lighting, switchgears, cables, and so forth. The venture will characteristic services comparable to a ability growth centre, a conference centre, and a three-storey hostel block.

The EMC 2.0 can even assist the manufacturing of commercial electronics, medical gadgets, laptop {hardware}, and communication gear, an announcement issued by MeitY stated.

This follows final month’s announcement of an HCL-Foxconn semiconductor OSAT (outsourced semiconductor meeting and take a look at) facility to be established close to Jewar Airport. This unit will entice an funding of ₹3,700 crore and is the sixth semiconductor unit introduced below the IT ministry’s India Semiconductor Mission (ISM).

Uttar Pradesh can even quickly unveil a state-level top-up to the Centre’s electronics part manufacturing scheme (ECMS), beforehand reported by HT. The state authorities can also be more likely to announce a package deal value over ₹10,000 crore to draw electronics producers to arrange operations within the state.

Uttar Pradesh accounts for 25% of India’s whole electronics manufacturing and contributes a big 50% to the nation’s cell phone manufacturing, a senior authorities official instructed HT. While Tamil Nadu is usually cited because the chief in electronics exports, UP leads in total manufacturing, with the vast majority of the state’s output coming from the Greater Noida and Yamuna Expressway area, the official added.