Odisha Business News – 3000 cr electronics manufacturing Project will set up at the Infovalley complex in #Bhubaneswar #Business
Bhubaneswar: After world Bank’s recognition as Bhubanesar is the best place for business , Odisha Government will set up electronics manufacturing cluster at the Infovalley complex in Bhubaneswar decided by Odisha CM Naveen Patnaik .
USA-based firm M2I, Taiwanese firm Wistron Corporation will invest over Rs. 3000 crore in electronics manufacturing cluster project at the Infovalley complex in Bhubaneswar with the help of these two companies. Odisha Got will sign with Wistron and M2i.
It should be noted that the Centre already awarded in-principle approval for the EMC project planned over 215 acres of land. The Department Of Electronics and Information Technology (DeitY) has approved a grant of Rs 96.96 crore for the EMC. The proposed greenfield EMC cluster, located at Harapur, Gaudakasipur and Durgapur villages of Khurda district in Odisha, is expected to house over 100 electronics manufacturing units.