comscore Odisha's Greenfield Electronic Park gets central approval
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Odisha's Greenfield Electronic Park gets central approval

Central government has given the nod to develop an electronic park within 203 acres of InfoValley. The project is set to cost Rs 205 crore.

  • Published: June 19, 2016 2:22 PM IST
indian-startup

The central government has given the nod for the development of Greenfield Electronic Park with an investment of Rs 205 crore in Odisha, said an official on Saturday. The Odisha Industrial Infrastructure Development Corporation (IDCO) is developing the electronic park in an area of 203 acres within InfoValley, Bhubaneswar. Also Read - Why Indian engineers are missing the mark for the jobs they set out to pursue

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Conceptualized in 2014, it is now getting ready to house around 100 units of an electronic manufacturing cluster with state-of-the-art infrastructure and common facilities, said a release of the industry department. Jurong Consultants, Singapore has done the master planning. Also Read - Indian IT companies becoming true multinationals: NASSCOM

The cluster has been accorded final approval under (EMC) Scheme of the Ministry of Electronic and Information Technology (IT) at a high-level meeting held in New Delhi on Friday. Core infrastructure like roads, provision of power and water for the park is almost ready and finalized, said the release. The electronic park is expected to attract investment to the tune of Rs 1,000 crore.

ALSO READ: Digital India to be a big part of Indian growth story: Arogyaswami Paulraj

For the project, the Odisha government has given 203.367 acres of land in Larapur village and Durgapur in Khurda district and provided around Rs 110 crore, said Odisha Industry Minister Debi Prasad Mishra.

ALSO READ: Software Technology Parks of India setting up incubation centre in Arunachal Pradesh

In the proposed park, around 10,000 skilled and semi-skilled persons will be engaged, said IT Minister Pranab Prakash Das. Notably, electronic manufacturing has been recognized as one of the five focus sectors by the state to attract investments.

The state government has formulated attractive investor-friendly policies such as Industrial Policy Resolution 2015 and ICT Policy 2014 to facilitate and incentivize investors in the electronic manufacturing sector. Several national and international companies operating in the electronics sector have shown interest in setting up manufacturing facilities in Odisha.

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  • Published Date: June 19, 2016 2:22 PM IST



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