BHUBANESWAR: The Centre has accorded final nod for the development of Greenfield Electronic Park with an investment of Rs 205 crore at Infovalley, Bhubaneswar.
Odisha Industrial Infrastructure Development Corporation (Idco) is developing the electronic park in an area of 203 acres, said a release on Saturday.
The park would house around 100 units of electronic manufacturing cluster with the state of the art, infrastructure and common facilities. The government expects to attract investment to the tune of Rs.1000 crore.
Jurong Consultants, Singapore have done the master planning. The cluster got final approval under (EMC) Scheme of the Ministry of Electronic and Information Technology in a high-level meeting held in New Delhi on Friday.
The core infrastructure like road, provision of power and water for the park is almost ready. Odisha government has given 203.367 acres of land in the village Larapur and Durgapur of Khurda district for the project.
The state government will provide around Rs.110 crore while the DeitY will provide Rs.95 crore, said Industry minister Debi Prasad Mishra.
In the proposed park, around 10,000 skilled and semi-skilled persons will get employment, said IT minister Pranab Prakash Das.
Notably, the state government has recognised electronic manufacturing as one of the five focus sectors to attract investments.
Moreover, several national and international companies operating in electronics sector have shown interest in setting up manufacturing facilities in Odisha.
Besides, the state had received significant interest from various companies during the Odisha Investors’ Meet held at Mumbai in February this year. The government had also organised roadshows in several countries.