Under the National Policy on Electronics, the government

has set a target to set up 200 EMCs. The government provides financial support of up to Rs 50 crore under the policy.

IESA today launched its Pune chapter which will focus on research and development.

"IESA members will discuss about formation of special purpose vehicle to manage and operate Aurangabad EMC," Vidyashankar said.

IESA has also submitted the detailed project report (DPR) for setting up an EMC in Pune, in association with Mahratta Chamber of Commerce Industries and Agriculture (MCCIA) entailing total project cost of around Rs 66 crore.

"The preliminary application and DPR of the project was already approved by the ministry and the final DPR with the total project cost of Rs 66.15 crores is under appraisal by Meity for final approval," Vidyashankar said.

The industry body has also conceptualised an electronics incubation centre in Pune with a project cost of Rs 56.94 crore.

"Maharashtra government has already approved the project with their contribution of Rs 22.11 crore and the project is under final approval from Meity. The key focus areas for the incubator are automotive electronics, agricultural- electronics, strategic electronics, medical electronics and energy and clean technology electronics," Vidyashankar said.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)