Realestate News

Site finalised for EMC in city

Development works groundbreakings

Among the 20 Electronic Manufacturing Clusters (EMC) proposed across the State as part of Electronic Policy to encourage electronic manufacturing, the one proposed in Visakhapatnam appears to be moving in the right direction after several hiccups.

On a directive by Union Minister for Communication and IT Ravi Shankar Prasad during his visit to the city in February, the EMC proposal, which was hanging fire for a long time, has gathered steam. APIIC has finalised its location at Gurammapalem near Pendurthy and AP Pollution Control Board has also cleared it.

Electronic bazaars are also proposed as part of Electronic Policy to encourage investment in manufacturing and product development. It envisages a turnover of Rs.30,000 crore by investing Rs.12,000 crore in electronics by 2020.

The policy plans establishing 20 EMCs at Tirupati, Guntur, Chittoor, Vizianagaram, Nellore, Anantapur, Srikakulam and other places.

The State Government has already allotted two acres for Massachusetts Institute of Technology to set up a Super Fab Lab at Rushikonda in the city. Hefty subsidy and incentives will be offered to investors in EMC and electronic bazaars.

SPV to be set up

Sources told The Hindu that a special purpose vehicle will be created to implement the EMC project. After shelving the EMC proposed during UPA-II at Jagannadhapur near Parawada in the district, following objections raised by project proponent Department of Electronics, Information Technology (DeitY) under Ministry of Communication and IT, APIIC has zeroed in on the site at Gurammapalem.

An estimated Rs. 300 crore will be spent on creating internal roads, other amenities and infrastructure will be spent. Part of it will be granted by DeitY. Originally, Sameer, which is developing Centre for Electronics and Electromagnetic Effects as a pilot project for EMC proposed at Jagannadhapur, was mooted as the pilot project of EMC.

In another development, instead of 98 acres, an additional area of 30 acres is likely to be allotted to seek investments in high-end IT products and services.