Electronic System Design & Manufacturing

Electronic Manufacturing Cluster (EMC)
Manufacturing & Assembly units for EV

Electronic Manufacturing Cluster (EMC)

  • Modified Electronics Manufacturing Clusters (EMC 2.0)’ Scheme: Notified on 01st April 2020 by Ministry of Electronics and Information Technology, GoI
  • Financial assistance: 50% of the project cost subject to a ceiling of Rs. 70 Cr for every 100 acres of land (Overall ceiling: Rs. 350 Cr per project)
  • Objective: Supports creation of best-in-class infrastructure for attracting investments in the Electronics Systems Design and Manufacturing (ESDM)
    sector
  • Thrust verticals: Electronics System Design and Manufacturing (ESDM)
    verticals like Automotive electronics , Industrial electronics, Consumer
    electronics, Medical electronics, Computer Hardware, Telecom Networking &
    Communications, E-mobility products etc.
  • Timeline: Scheme is open for receipt of applications upto 31st March 2023 and further period of 5 years is available for implementation

Proposed structure for applying under the scheme

Project
Parameter

  • PIA KINFRA
  • Location Preferably Site
  • Area Minimum 200 acres Anchor Units
  • Joint Ventures of Tata with potential partners to make minimum investment of INR 300
  • Crs in atleast 20% of allottable area Rest by other investors

Investment avenues

  • Government of Kerala and ASAP are willing to hand over one CSP, free of rent, to Tata Education Development Trust to set up an Institute for Skills to conduct training programs in sectors of choice of Tata, including semiconductor and electronics/IT sectors.
  • A CSP with Tata as the Operating Partner can turn into a hub of skilled higher order manpower
    supply for the semiconductor and electronics plant being set up.
  • Tata Electronics will be able to source its higher order manpower requirement from these skilled youth.
  • Training fee can be charged as decided by Tata. Trainee mobilization can be done by ASAP on a revenue share.

 

Impact On The Economy

The growth of the IT sector has had a substantial impact on Kerala's economy. It has created numerous job opportunities, contributing to reduced unemployment rates. Additionally, the state's IT exports have been steadily increasing, adding to its revenue. As IT companies and startups flourish, they also attract investment, thereby further stimulating the economy.Kerala's IT sector is not just about software services; it has diversified into various niches. Some notable sectors include healthcare IT, cybersecurity, fintech, and e-governance. These niche areas cater to both domestic and international markets, generating revenue and employment opportunities.

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Exploring Kerala: Your Investment Journey Begins Here

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Sector: ESDM Location: Kannur

  • The global battery market size is expected to reach $310.8 billion* by 2027,
    expanding at a CAGR of 14.1%
  • Major demand segments of Battery Storage are summarized below

Investment avenues

  • Dedicated facility for manufacture and assembly of EV batteries and charging equipment in a stretch of ~200 acres with GoK’s EV policy support.
  • The following facilities are envisaged
    Manufacturing of Advanced Chemistry Cell (ACCs), Niche ACC technologies
  • Battery Assembling Plant
  • R&D center
  • Battery Recycling Plan

Impact On The Economy

The growth of the IT sector has had a substantial impact on Kerala's economy. It has created numerous job opportunities, contributing to reduced unemployment rates. Additionally, the state's IT exports have been steadily increasing, adding to its revenue. As IT companies and startups flourish, they also attract investment, thereby further stimulating the economy.Kerala's IT sector is not just about software services; it has diversified into various niches. Some notable sectors include healthcare IT, cybersecurity, fintech, and e-governance. These niche areas cater to both domestic and international markets, generating revenue and employment opportunities.

rightLeaf

Get to Know Us: Kerala's Investment Destination of Choice.

Exploring Kerala: Your Investment Journey Begins Here

knowUsPic1
KSIDC

Our vision at Invest Kerala is to see the state emerge as a beacon of economic vitality and innovation on both national and global fronts. We aspire to create an environment where every investor's dreams can take root

Read More

Last Updated on: 17 July 2024സന്ദ൪ശകരുടെ എണ്ണം : 3056822