Pune : Central govt allocates Rs 60 crores funds for first phase of electronics manufacturing cluster in Ranjangaon

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By: Pune Pulse

September 2, 2023

Pune: Maharashtra Chief Minister Eknath Shinde on Saturday announced that the central government has allocated Rs 62.39 crores for the first phase to the Maharashtra Industrial Development Corporation (MIDC) as it is setting up an electronics manufacturing cluster in Ranjangaon in Pune.

As per information, Shinde acknowledged the commitment and hard work of MIDC in the electronics manufacturing cluster project in Pune and expressed his assurance that the cluster will bring in a large number of companies and entrepreneurs, resulting in a significant number of job opportunities in the local area. Major industry players such as IFB, LG, etc. are set to take part in the project.

The decision comes after the central government cleared the project on October 31, 2022. The electronics manufacturing cluster is set to be constructed in an area of 297.11 acres at the Ranjangaon site. The total estimated cost of the project is Rs 492 Crores, of which Rs 208 Crores is expected to be contributed by the Centre.

The objective of the electronics manufacturing cluster in Pune is to act as a driving force for industrial development in the area. It is also in line with the overall objective of the central government to make India a global manufacturing and employment hub.

Shreyas Vange