Pune to get EMC and incubation center

Pune to get EMC and incubation center. IESA is working with MIDC is establishing Pune’s first ESDM Incubation Center. Detailed Project Report (DPR) for this project is submitted. EMC is going to be located in Pimpri Industrial Area, spread over 27,000 sq ft. and is estimated to have an investment of Rs. 70.89 crores. IESA said "The objective is to set up a Common Facility Centre (CFC), by supporting the existing brownfield industrial cluster in Pune, offer State-of-the-Art 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." "As per the guideline of the EMC Scheme, a Special Purpose Vehicle (SPV) in the form of a Section 25/Section 8 Company under the Indian Companies Act 2013, named ‘MCCIA Electronic Cluster Foundation’, will be set up to implement the project. MCCIA along with seven private ESDM companies, industry associations, financial institutions, research & development institutions, state or local governments or their agencies and units within the EMC will lend its support for promoting the SPV." stated in the release by IESA. “The city of Pune has a rich history of research and ...