The Central Government expects the modified Electronics Manufacturing Clusters (EMC 2.0) scheme to generate approximately 1.80 lakh jobs. The approved projects cover 10 Indian states and are expected to have a total investment of Rs. 1.46 lakh crore, which will make the country’s electronics manufacturing system robust and efficient.
According to an old government notification, the scheme aims to provide world-class infrastructure support to specific clusters with shared facilities. These facilities will be provided with a ready-to-start setup to prevent wasting time by starting from scratch.
As of now, the government has approved 11 electronics manufacturing clusters along with 2 common facility centres. These projects cover nearly 4,400 acres of land, with a total cost of Rs. 5.226.49 crores, out of which the Central Government is providing financial assistance worth Rs. 2,492.74 crores.
The Ministry of Electronics and IT reports that 123 manufacturers are committed to investing a total of Rs. 1,13,000 crore in the approved areas for the projects.
An independent study by the National Institute for Micro, Small and Medium Enterprises recently assessed the impact of the scheme. The study found that the clusters help develop better supply chains and lower the cost of moving goods. The assessment also noted that the program improves skill development and creates many direct and indirect jobs within the local ecosystem.
“The assessment highlights accelerated development of electronics manufacturing infrastructure, improved supply-chain responsiveness, availability of RBF/Plug-and-Play facilities, cost-efficient logistics, and significant direct and indirect employment generation, along with enhanced skill development within the cluster ecosystem,” the release said.
