New Delhi: To aid MSMEs in Karnatak, Tata Technologies, a division of the Tata Group, has suggested constructing three common engineering Facilities Centres (CEFCs). The three facilities, as mentioned by M.B. Patil, the large and medium industries minister for Karnataka, will require an investment of roughly Rs 2000 crore, according to a Press Trust.
The representatives of Tata Technologies met with the Minister at the Vidhana Soudha, the legislative assembly of Karnataka, and submitted their proposal, according to the Ministry’s release.
According to the proposed plan, the engineering services company will build the CEFCs using the Public Private Partnership (PPP) model. The Karnataka Government would control 30% of the stakes, leaving Tata technologies to hold 70% of them.
Tata Technologies intends to build three of these facilities in the state, each requiring five acres of land at a cost of about Rs 630 crore. these centres will cater to Advanced Manufacturing 4.0, electric Vehicle Testing, and Aerospace and Defence to the advantage of MSMEs and burgeoning startups working in these industries.
Tata Technologies was founded in 1989 and now operates in 27 nations in Asia-Pacific, Europe, and North America. It offers original equipment manufacturers for the automotive and aerospace industries as well as businesses that make industrial machinery services in the areas of engineering and design, manufacturing, product development, and IT service management.
