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 pursueAlso Read - IT department warns taxpayers about fake SMS phishing attacks: Report
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.
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.
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.