Panaji: Goa government has resolved to fast pace the setting of Electronics Manufacturing Cluster (EMC) proposed to be set up at Tuen village in North Goa with Special Purpose Vehicle (SPV) for the same scheduled to be formed this month.
State Chief Minister Pramod Sawant on Friday chaired a meeting to review the progress on EMC, which is a project jointly funded by State and Central government.
“For the purpose of managing the EMC, a Special Purpose Vehicle ( SPV ) formation is mandatory and the approval for the formation of the SPV is also expected within this month,” reads the statement issued by Chief Minister’s Office at the end of the meeting.
The government has said that second instalment of funding from Government of India would be deposited soon in view of the compliances done so far by the State.
“During the meeting, it was decided to reach out to maximum number of Electronics Manufacturing Companies and also to bring the willing Companies to Goa for boosting the Electronics Manufacturing ecosystem and ultimately increase the employment opportunities,” the statement reads.The EMC is being developed under the Scheme of Ministry of Electronics and Information Technology, Government of India, coming up at Tuem, Pernem, North Goa.
The Union government has granted extension to the EMC project till March 2021.
“The EMC Project is a partially GoI funded project to be developed in an area of 5.97 sq metres,” the statement reads.
“The site would be having various development plots- Industrial plots and Micro Industrial Plots for the upcoming constituent units of Manufacturing. Currently, the internal road work is about 85 per cent finished. It was also apprised that the Land Allotment Policy is almost at the final stage of approval.”
