India’s first Electronic Manufacturing Cluster (EMC) will be coming to Andhra Pradesh. The Government of India, through the Ministry of Electronics and Information Technology (MeiTY), had announced in 2012 about setting up an EMC in India, with grant-in-aid for establishing such clusters.
An EMC is designed and developed for providing facilities and amenities for manufacturing mobiles and allied products. In 2015, the Andhra Pradesh government announced the first exclusive mobile and electronic manufacturing cluster in the new capital, Amaravati.
A Special Purpose Vehicle (SPV) called Sri Venkateswara Mobiles and Electronics Manufacturing Hub Private Limited was formed. The foundation stone was laid by Prime Minister Narendra Modi in the same year. Read More…
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