"Pune has a rich history of research and innovation and over the years, it has emerged as the engineering capital of our country. We strongly believe the city can contribute significantly to the future growth of the electronics and semiconductor sector in India," MIDC CEO Bhushan Gagrani said in a statement.
The Government of Maharashtra will now submit the preliminary application to the Department of Electronics and Information Technology (DeitY) for their in-principle approval. The cluster will be located in Pimpri Industrial Area, spread over 27,000 sq ft and will offer facilities and support Existing Units to help local electronics industry move higher in the product value chain. The cluster will encompass common facilities for production support services like designing center, surface mount technology line, EMC / EMI and environment lab, test and measurement lab, rapid prototyping and tool room.
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The incubation center will promote entrepreneurship and spearhead innovation and R&D by igniting electronics development for the nation. IESA will play a larger role in defining the overall business model and processes at the incubation center comprising of evaluation of start-up projects, mentorship model, organizational structure, day to day operations, financing models and analyzing the possible outcomes.
“As a country striving to transform itself into an ESDM hub, Maharashtra can play a pivotal role by strengthening product design and development, primarily focused around the industries sectors that are already thriving in the state. Establishment of the EMC and incubation facility is a visionary step and we appreciate the government of Maharashtra, MIDCand MCCIAfor their commitment and intense efforts to build a robust development ecosystem in the state,” said Ashok Chandak, Chairman, IESA.