Tata Technologies express interest to invest Rs 2,000 crore in Karnataka
By
siliconindia | Thursday, July 13, 2023
Tata Technologies has come forward to set up three Common Engineering Facilities Centres (CEFCs) in the state by investing
2,000 crores. Representatives of the leadership team of the company met large and medium industries minister MB Patil at Vidhana Sabha and submitted the proposal in this regard. Minister said that the company has intended to set up these centers to facilitate particularly the MSMEs. The proposal is to set up the centers through the PPP model where Tata Technologies will have 70 percent stakes and the rest 30 percent stakes will be that of the state government, he said.
2,000 crores. Representatives of the leadership team of the company met large and medium industries minister MB Patil at Vidhana Sabha and submitted the proposal in this regard. Minister said that the company has intended to set up these centers to facilitate particularly the MSMEs. The proposal is to set up the centers through the PPP model where Tata Technologies will have 70 percent stakes and the rest 30 percent stakes will be that of the state government, he said.
This is claimed to be the first proposal for setting up such centers for MSMEs. Each center is estimated to cost about
630 crores. The CEF centers will cater to Advanced Manufacturing 4.0, Electric Vehicle Testing and Aerospace and Defence and vastly benefit the upcoming MSMEs and startups in these sectors, he explained. Welcoming the proposal, Patil said that the government has decided to give preference to strengthening the MSME sector.
630 crores. The CEF centers will cater to Advanced Manufacturing 4.0, Electric Vehicle Testing and Aerospace and Defence and vastly benefit the upcoming MSMEs and startups in these sectors, he explained. Welcoming the proposal, Patil said that the government has decided to give preference to strengthening the MSME sector.
He added that each CEF center would require about 5 acres of land, and a decision on providing it will be taken in the coming days. Pawan Bhageria, President, Pushkaraj, Koulgud, Vice President, Praveen Diwekar, Head (Manufacturing) of Tata Technologies, S.Selva Kumar, Principal Secretary, Gunjan Krishna, Commissioner, Department of Industries were present.

