Indian Cellular Association, UP Sign Mou On Manufacturing Hubs


LUCKNOW: The Indian Cellular Association and the Uttar Pradesh government Tuesday signed an agreement to facilitate investments of 1,000 crore in the proposed Electronics Manufacturing Clusters here.

The Memorandum of Understanding was signed by Pankaj Mohindroo, national president, ICA and Jiwesh Nandan, principal secretary, IT and electronics, on behalf of the Uttar Pradesh government.

"ICA will encourage its members and facilitate to establish their projects in the proposed Electronics Manufacturing Clusters in Uttar Pradesh which are to be established in approximately 100 acres of land or more which can generate investments of approximately 1,000 crore in these EMCs," Mohindroo said.

"For the establishment of EMCs, government of Uttar Pradesh would facilitate ICA to obtain necessary permissions/registrations/approvals/clearances as per the existing policies/rules and regulations of the government and would also help its members to avail incentives under various schemes announced by state/central governments, wherever applicable," Nandan said.

The demand for electronics products in the Indian market was $45 billion in 2008-09 and is expected to reach $400 billion by 2020.

Domestic demand is expected to be driven by growth in income levels leading to higher off-take of electronics products, automation demands of corporate sector and the government's focus on e-governance.

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Source: IANS