May 29, 2014 4:19 PM

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Centre sanctions electronics projects worth Rs. 88.65 crore in MP

The Central government has sanctioned electronics manufacturing projects worth 88.65 crore rupees in two districts of Madhya Pradesh.The projects, coming up at Badwai near Bhopal and Purva near Jabalpur, will provide employment to over 17,000 people, said a release issued by the state government's Information Technology department.The cost of the cluster project at Badwai is pegged at 48.34 crore rupees, wherein the contribution of Centre will be 50 per cent.The state government through the Madhya Pradesh State Industrial Development Corporation (MPSIDC) and the units to be set up under the project will equally bear 25 per cent cost.According to the state government, a collective investment to the tune of 260 crore rupees by the units is expected for the project.

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