“Electronic Production in India can’t fulfill the demand”- ADD Group
Electronic Production in India can’t fulfill the demand- ADD Group
The company expects to engage 36000 employees in 190 crores project.
ADDELCINA Electronics Park Private Limited (AEEPPL), under the ADD Group of Companies was incorporated on last 11th June. It is a special purpose company incorporated under the Indian Companies Act, promoted mainly by ADD Industrial Park (Tamil Nadu) Limited or AIPL – a flagship company of ADD Group of Companies.
Partnering with ELCINA Electronic Industries Association of India, AIPL is in the process of establishing a state-of-the-art electronics manufacturing cluster (EMC) at Coimbatore in an area of about 157 acres within a mega industrial park being also developed by AIPL in association with the Government of Tamil Nadu. The industrial park would cater to a wide range of industries, which include manufacturing of engineering goods, textiles, electronics hardware, IT / ITES, educational institutions, R&D centers, housing and other social infrastructure.
It would be an economic phenomenon in which many businesses simultaneously compete and collaborate to gain different economic advantages. The EMC that would be set up within the industrial park, is with partial financial assistance of Government of India by way of grant-in-aid provided by the Ministry of Communications and IT. Launched by the Government of India, the EMC Scheme supports creation of world-class infrastructure for attracting investments in the Electronics Systems Design and Manufacturing (ESDM) Sector, which is one of the objectives of the National Policy on Electronics (NPE) to promote electronic manufacturing in the country.
AIPL is considered as its major investor. ELCINA Electronic Industries Association of India, Om Metals Infraprojects Limited and Adhunik Power Transmission Limited are also investing in the projects of AEEPPL. Realizing the potential of electronic manufacturing and incentives provided by the Government of India, AIPL is leading a consortium in association with ELCINA Electronic Industries Association of India. Already they have submitted a proposal to the Department of Electronics and Information Technology (DeitY) of Ministry of Communications and Information Technology, GOI to develop a greenfield EMC on 157 acres of land at Coimbatore District in Tamil Nadu. This cluster would be a part of the industrial park that is being set up by AIPL in association with the Government of Tamil Nadu.
AEEPPL would develop all the infrastructure facilities to set up individual units within the cluster. There will be several plots of various sizes designed for various types and sizes of manufacturing units. The Cluster would also endeavor to bring the entire gamut of electronic manufacturing operations under one umbrella and facilitate all stages of the value chain of electronic manufacturing. Some of the high demand products, which are being considered for manufacturing in the EMC are Tablet PCs, Energy Meters, Mobile handsets and accessories, Set Top Boxes, Solar Modules, Lighting Products – LED’s, CFL’s and LED Packaging, Electronic Components including Solid State Memory Products – Memory Cards, USB Drives, CCTV cameras, Medical Electronics Devices etc.
But the group does not think that India is contributing enough in Electronic Production. A spokesperson of ADD group said “In India, the manufacturing base of electronic products is grossly inadequate when compared to demand”.
It is reported that their proposed EMC will attract investment of about Rs. 3000 crores. The group also expect to generate direct employment for about 36000 people. The total project cost is estimated at about Rs. 190 crores. The grant-in-aid to be received from Government of India would be Rs. 70 crores. The balance cost of the project, which amounts to Rs. 120 crores would be mobilized from financial institutions, promoters and strategic investors.
Presently Mr. Anil Sethi, the Chairman and Mr. Deepak Sethi, the CEO of the company execute the services with nearly thirty employees. They expect to bring 100 clients to its fold.