ITI, a state-owned telecom equipment maker, is setting up an electronic manufacturing cluster (EMC) under the Ministry of Electronics and IT (MeitY) modified scheme in Bengaluru, Karnataka.
The company has sought approval from the administrative ministry for a long-term lease.
The company is setting up a unit spread at a 200 acre land in the city together with the MeitY under the EMC 2.0 Scheme, and a lot of global manufacturers have already shown interest.
The company has sought the Department of Telecommunications (DoT) approval for a long-term lease following the willingness by nearly 50 manufacturers or original equipment makers worldwide.
The initiative will fetch around Rs 125 crore annually as an additional income to the public sector firm. It is also in the advanced talks with various multinational companies, and has plans to set up a 1,000 seat data centre within the cluster.
The government’s modified scheme, for the first time, has allowed public-run companies to develop manufacturing clusters under the scheme and avail prevalent benefits including financial assistance.
The company rolled out a notice inviting tenders, seeking applications from eligible large-scale developers for selection of an anchor to build the electronic cluster in April 2020.
In addition, ITI has Rs 7,500 crore of projects in pipeline where it is the lowest (L1) bidder. The company, at present, is deploying the Indian Army’s strategic communication network across the country under Phase-IV programme.
As part of the national BharatNet programme, ITI is also implementing GujaratNet and MahaNet, and the combined value of these two projects is Rs 3,700 crore.
