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Karnataka Government to Set Up Electronics Manufacturing Cluster in Mysuru

CIO Insider Team | Monday, 8 July, 2024
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The Government of Karnataka has identified 235.5 acres for setting up an electronics manufacturing cluster (EMC) at Kochanahalli Industrial Area in Mysuru district at a total project cost of Rs 245.67 crore, excluding land cost.

This cost includes central financial assistance of Rs 122.83 crore from the Union Ministry of Electronics and Information Technology (MeitY).

“It will be a zone where semiconductors and its manufacturing will be encouraged. Companies have shown interest and we have also allotted land,” State IT minister Priyank Kharge says.

While Bengaluru will remain a hub for semiconductor design, Mysuru will also serve as a complementary cluster where semiconductor-related work will occur.

Keynes Technology India has proposed an investment of Rs. 150 crore in 20 acres of land. It has submitted a letter of intent as an anchor unit, while Gopalan Aerospace has proposed Rs. 200 crore in 50 acres and Krypton India Solutions in 10 acres proposed an investment of Rs 175 crore.

The application and detailed project report have been submitted to the Centre. All queries from the Software Technology Park of India (STPI) are being addressed

Kanes is also awaiting approval for its planned semiconductor and assembly testing (OSAT) facility in Gujarat.

The other four companies who have proposed investment include Virtulive Technologies (Rs. 20 crore, 20 acres), Wuerth Electronik India (Rs. 30 crores, 10 acres), Proxelera (Rs. 20 crores, 5 acres), and LeePra Technologies (Rs. 2.5 crores, 2 acres).

“The application and detailed project report have been submitted to the Centre. All queries from the Software Technology Park of India (STPI) are being addressed. Physical inspection of the site was completed on May 28 this year by STPI. The application is in the process of approval from MeitY,” says Kharge.

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