The Centre has given the final approval for development of a greenfield electronics park with an investment of Rs 205 crore in Odisha.
The Odisha Industrial Infrastructure Development Corporation (IDCO) is developing the electronic park in an area of 203 acres within InfoValley, Bhubaneswar.
Conceptualised 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. It was approved under the Electronic Manufacturing Clusters (EMC) scheme of the Ministry of Electronics and Information Technology at a high-level meeting in New Delhi on June 17.
In the proposed park, around 10,000 skilled and semi-skilled persons will be engaged, said IT Minister Pranab Prakash Das. 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.
The electronic park is expected to attract investment to the tune of Rs 1,000 crore. Jurong Consultants, Singapore has done the master planning.
Notably, electronic manufacturing has been recognised 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 incentivise investors in the electronic manufacturing sector.