real estate developers in pune

After IT parks, Pune set to get an Electronics Park More

After sprawling IT parks like Hinjewadi and Magarpatta, Pune is set to get an exclusive Electronics Park, which is scheduled to come up over 100 hectares of land along the Pune-Mumbai Expressway, in the area stretching between Navi Mumbai, Khalapur, Beur and Talegaon.

Sadashiv Survase, joint director (industries), said the setting up of the Electronics Park was a continuation of the Electronics Policy launched by the state government. The policy aims to increase the presence of electronics industry in the state and develop Pune as a major hub for the sector. Survase said that of the 32,000 small and medium enterprises operational in the state, around 600 are from the electronics sector, but there are no big enterprises in the district catering to the sector.

Survase said that 100 hectares of land in the region has already been earmarked for acquisition in the area, of which acquisition of some parcels were already complete.

Other than the electronics park, the state government also has plans to develop nodes along the Expressway.

It is hoped that an electronics park will generate employment for skilled and semi-skilled workforce. The state government aims to achieve a turnover of $12 billion from the sector by 2020 and increase the exports from the sector to $2 billion.

Apart from the electronics park, the state government also hopes to attract setting up of anchor units in the state. Anchor units, it is hoped, will attract further players in the sector and also encourage Micro Small and Medium Enterprise (MSME) units to set up operations around it.

Survase said the first two anchor units (with investments more than Rs 150 crore) would be given a special incentive package. "The incentives would include relief in value added tax (VAT), interest subsidy, relief in power tariff and exemption of stamp duty also," he said.

The push for the electronics sector comes following an Memorandum of Understanding (MoU) between the state government and the Taiwanese electronics giant Foxconn unit. The company has signed an MoU promising to invest $5 billion and set up its manufacturing centre there.

While the company has not formally applied for land, the Maharashtra Industrial Development Corporation (MIDC) is carrying out acquisition of around 455 hectares on a war footing in Talegaon, where the Foxconn plant is expected to be set up.