Tata Technologies Sets Engineering Facilities Centres By Funneling Rs. 2,000 Crores
Tata Technologies has come forward to set up three Common Engineering Facilities Centres (CEFCs) in the state by investing 2,000 crores. Representatives of the leadership team of the company met large and medium industries minister MB Patil at Vidhana Sabha and submitted the proposal in this regard. Minister said that the company has intended to set up these centers to facilitate particularly the MSMEs. The proposal is to set up the centers through the PPP model where Tata Technologies will have 70 percent stakes and the rest 30 percent stakes will be that of the state government, he said.
This is said to be the first proposal for such MSMEs-focused centres. Each centre is expected to cost approximately 630 crores. According to him, the CEF centres will cater to Advanced Manufacturing 4.0, Electric Vehicle Testing, and Aerospace and Defence, and will greatly benefit upcoming MSMEs and startups in these sectors. Patil welcomed the proposal and stated that the government has decided to prioritise the MSME sector.
He went on to say that each CEF centre would need about 5 acres of land, and that a decision on whether to provide it would be made in the coming days. Pushkaraj Koulgud, Vice President, Praveen Diwekar, Head (Manufacturing) of Tata Technologies, S. Selva Kumar, Principal Secretary, and Gunjan Krishna, Commissioner, Department of Industries were all present.