Raipur, July 11, 2017
Government of Chhattisgarh has signed 4 MoUs which would bring in an investment of INR 386Cr across electronics and food processing sectors. This investment would create over 2,800 employment opportunities in the State and would give new employment avenues to the local youth.
‘Make in India’ has been key catalyst for attracting new investments in the State. Government of Chhattisgarh has taken focused approach which includes ease of doing business, development of world class industrial infrastructure and enacting business friendly policies to facilitate business and investment in the State. Chhattisgarh has always been one of the preferred states in the country for business and investment but so far most of the investments have been made in core sectors like mining, steel, aluminium, cement etc. Chhattisgarh has a huge potential for non-core sectors like electronics, food processing, engineering, solar equipment etc. which are to being promoted as strategic sectors in the State.New sectors like electronics have got new boost with approval of Electronics Manufacturing Cluster (EMC) in Naya Raipur. Government of Chhattisgarh also had recently launched Sanchar KrantiYojana (SKY) in which 45 lakhs smart phones will be distributed to youth and women in the State. Under SKY 1700 mobile towers will also be set up for providing mobile connectivity to all parts in the State.
MoUs with Smartron India Pvt. Ltd., Forstar Techno Solutions Pvt. Ltd., Wattson Electronics have been inked by the Government of Chhattisgarh for investment in electronics sector. These companies will establish manufacturing units in EMC, Naya Raipur and will bring cumulative investments of around 286Crores in the State. These projects will employ highly qualified professionals and highly skilled manpower in the state. The project is a fervent endeavour to bring the enabling electronics manufacturing ecosystem in Chhattisgarh.
Smartron India Pvt. Ltd. will manufacture smart phones, other smart devices based on tronX and AI powered IOT platform. The agreement will bring smart technology and product ecosystem to help transform the technological infrastructure of the State. Forstar Techno Solutions Pvt. Ltd. will establish assembly plant for tablet PC, Desktop PC, Smart phone, Biometric devices, netbooks and notebooks whereas Wattson Electronics shall manufacture consumer and Industrial electronics products manufacturing unit in Naya Raipur.
Demonstrating State Government’s commitment to develop food processing sector in the state, an MoU has been signed with ArkasBiocon India Pvt. Ltd.(BEC Foods) to establish liquid glucose and derivative manufacturing unitin Chhattisgarh and will bring investments of 100 Cr. These MoUs have been signed in the esteemed presence of Dr. Raman Singh, Hon’ble Chief Minister of Chhattisgarh; Shri N Baijendra Kumar, Additional Chief Secretary, Department of Commerce & Industries; Shri Chhagan Lal Mundra, Chairman, CSIDC,Smt. Alarmelmangai D, Director Industries, Department of Commerce & Industries;Shri Sunil Mishra, Managing Director, CSIDC and Shri V K Chhablani, Special Secretary, Department of Commerce & Industries. Shri N Baijendra Kumar, Additional Chief Secretary, Department of Commerce & Industries signed the MoU on behalf of Government of Chhattisgarh while Mr. Mahesh Lingareddy, Chairman, Smartron; Shri K P Roy, Whole Time Director, Forstar; Shri VikramDewangan, CEO, Wattson Electronics and Shri Arvind Jain, Director, ArkasBiocon Pvt. Ltd.have signed the MoUs on behalf of their firms.
Chief Minister highlighted that Chhattisgarh SKY scheme has given a big boost and created huge opportunity in electronic manufacturing in the State. Also, Dr. Singh congratulated entrepreneurs for becoming a partner in the development of electronics, food processing manufacturingin the State and expected these units to begin their production at the earliest.
Mahesh Lingareddy, Founder and Chairman, Smartron said, “Smartron is building India’s first global technology OEM brand with focus on innovation led product ecosystem around tronX, an AI powered IOT platform delivering intelligent experiences through range of smart devices to various verticals. Smartron is founded with a vision to build Apple or Samsung of India. We are glad to be associated with the Government of Chhattisgarh’s vision to be at the forefront of digital India. We strongly believe that this association will bring in number of smart technologies, jobs and manufacturing and product ecosystems to the state. With our strong R&D led product portfolio that includes the tphone, tbook, the srtphone and a number of smart devices from tabs to wearables to laptops to smart home devices in the pipeline, we look forward to partnering with the Govt of Chhattisgarh to transform the state’s technological infrastructure and deliver highly intelligent and personalized services in the areas of health, home, education, governance, infrastructure, agriculture and energy.”