Press Esc to close

Karnataka to get Rs 140-cr MSME centre

Bangalore, Jul 20, 2013, DHNS: 22:23 IST
K H Muniyappa. DH Photo
To enable small and medium enterprises to tap potential opportunities in the aerospace and defence (A&D) sector and take advantage of the existing electronics industry in Bangalore, the Union Ministry of Micro, Small and Medium Enterprises (MSMEs) will set up a Rs 140 crore MSME Technology Centre at Devanahalli Aerospace Park, Bangalore.

This, even as two earlier MSME facilities, at Agra and Chennai are facing imminent closure, according to a ministry official.

The Devanahalli Centre is one of the 15 such facilities to be established across India at a total cost of about Rs 2,000 crore funded by the World Bank, according to Union Minister of State (independent charge) K H Muniyappa.

He was speaking to reporters on Saturday on the eve of foundation stone laying ceremony for the Centre, slated for Sunday.

Muniyappa said, “The Bangalore Centre, after completion in about two years, will train 10,000 to 15,000 people every year and provide skilled manpower that will enable MSMEs not only cater to business opportunities domestically, but also help in stepping up exports.” According to him, MSMEs, which are currently not globally competitive, can play a pivotal role in driving exports by upgrading their technological skills and offering better designed products.

The MSME Technology Centre will be spread over 10 acres provided by the Karnataka government and train manpower for electronics design and manufacturing sectors and also for A&D companies.

It will also serve as an incubator to promote entrepreneurship, and provide technological assistance to aspiring entrepreneurs, the additional secretary and development commissioner (MSME), government of India, Amarendra Sinha said.

He added that the track record of such centres, 18 of which are existing in different formats in India, is a mixed one. “While 10 are alright, there are two for which we have ‘licence to kill’, at Agra and Chennai.”

He however, did not elaborate the reasons for it.

Go to Top

Most trending stories
Photo Gallery
Bollywood Actress Kareena Kapoor Khan,Director Rakesh Omprakash Mehra,Minister Roshan Baig...

Bollywood Actress Kareena Kapoor Khan,Director Rakesh Omprakash Mehra,Minister Roshan Baig...

Dancers perform during the inauguration of the 10th Bengaluru International Film Festival...

Dancers perform during the inauguration of the 10th Bengaluru International Film Festival...

Carolina Kostner of Italy performs during the women's free figure skating final in the...

Carolina Kostner of Italy performs during the women's free figure skating final in the...

Prime Minister Narendra Modi with his Canadian counterpart Justin Trudeau, First Lady...

Prime Minister Narendra Modi with his Canadian counterpart Justin Trudeau, First Lady...

Russian athlete Ivan Telegin (7) skates with the puck against Jakub Nakladal (87)...

Russian athlete Ivan Telegin (7) skates with the puck against Jakub Nakladal (87)...

A motorcycle rider performs stunts at the 'Hamburg Motor Days' fair in Hamburg, Germany...

A motorcycle rider performs stunts at the 'Hamburg Motor Days' fair in Hamburg, Germany...

Tourists ride on horses after snowfall at Anjni Mahadev near Manali on Friday...

Tourists ride on horses after snowfall at Anjni Mahadev near Manali on Friday...

Canadian Prime Minister Justin Trudeau signs the visitor's book as his son Hadrien looks on...

Canadian Prime Minister Justin Trudeau signs the visitor's book as his son Hadrien looks on...

The Swedish team celebrates their gold medal after the venue ceremony at the men's...

The Swedish team celebrates their gold medal after the venue ceremony at the men's...

Rajasthani folk artists perform at historical Govind Dev Ji temple during the 'Fag Mahotsav'...

Rajasthani folk artists perform at historical Govind Dev Ji temple during the 'Fag Mahotsav'...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.