Odisha EMC set to attract Rs 500 crore investment by March

The Electronics Manufacturing Cluster (EMC) in Odisha is expected to house at least 10 confirmed investments worth Rs 500

crore that will start running from March 2019.

According to a report in Business Standard, the cluster has drawn investors in mobile handset manufacturing, solar modules,

printed circuit boards, electric vehicles and IoT (Internet of Things) devices.

It quoted a senor government official as saying: “The past six months have turned the tide for the EMC. We have received a

rush of investments from committed players. Initially, we struggled as there was lack of an ecosystem to spur investors for the

cluster.

We focused on building a global supply chain, international flight connectivity, ramping up skilled manpower and incentives for

the investors. With these strengths, our EMC has surged ahead of similar clusters in other states.”

The EMC has come up on 203 acres of land at a cost of Rs 205 crore. As per estimates, the greenfield park is expected to

attract industries with combined investment value of Rs 1000 crore and employment potential of 10,000 to 12,000 persons.

Image Credit : www.eletimes.com

Research Desk

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