The Government of India, through the Ministry of Electronics and Information Technology (MeiTY), had announced in 2012 about setting up an EMC in India, with grant-in-aid for establishing such clusters.
An EMC is designed and developed for providing facilities and amenities for manufacturing mobiles and allied products.
A Special Purpose Vehicle (SPV) called Sri Venkateswara Mobiles and Electronics Manufacturing Hub Private Limited was formed. The foundation stone was laid by Prime Minister Narendra Modi in the same year.
The SPV Company has applied for the final approval of the project. Three major Indian mobile manufacturers - Celkon, Karbonn and Lava have come forward to establish their units in the EMC.
An anchor unit has been formed in the name of Seven Hills Digital Park Private Limited for the three companies. It will be involved in manufacturing of accessories to mobile phones and other related electronic equipment.
Nara Lokesh, Minister of Information Technology and Communications, had said that the new EMC is being developed at the cost of Rs 104 crore.
Around 50,000 jobs will be created every year in the cluster. (ANI)