MIC Electronics Secures Rs 1,140 Million Project For Chhattisgarh Centre
ECONOMY & POLICY

MIC Electronics Secures Rs 1,140 Million Project For Chhattisgarh Centre

MIC Electronics has secured a Rs 1,140 million (mn) project to establish a Common Facility Centre in Chhattisgarh. The project value corresponds to Rs 114 crore. The company said the initiative forms part of its infrastructure expansion plans.

The facility is intended to provide shared infrastructure and services to smaller manufacturers and service providers, including processing, testing and storage. By centralising select capabilities, the centre is expected to reduce individual capital expenditure for users and improve access to technological resources. It may also facilitate access to quality assurance and packaging facilities that smaller units often lack.

The project will involve the construction and equipping of premises to host manufacturing and support activities and the provision of operational services. The company indicated that the centre would offer capacity building and technical support to local enterprises. The operational model typically includes shared machinery, common utilities and administrative support to reduce overheads for tenants.

The investment is likely to have wider economic effects in the area by creating opportunities for ancillary businesses and service providers. Local employment generation and skill development are typical outcomes associated with such infrastructure projects. Such projects often attract suppliers and logistics providers looking to serve consolidated clusters of manufacturers.

MIC Electronics described the project as aligned with its strategy to expand its industrial footprint and support regional manufacturing hubs. The company said it will continue to engage with relevant authorities and potential users to finalise operational arrangements. The announcement noted the company’s intent to monitor impact and report progress in subsequent disclosures.

MIC Electronics has secured a Rs 1,140 million (mn) project to establish a Common Facility Centre in Chhattisgarh. The project value corresponds to Rs 114 crore. The company said the initiative forms part of its infrastructure expansion plans. The facility is intended to provide shared infrastructure and services to smaller manufacturers and service providers, including processing, testing and storage. By centralising select capabilities, the centre is expected to reduce individual capital expenditure for users and improve access to technological resources. It may also facilitate access to quality assurance and packaging facilities that smaller units often lack. The project will involve the construction and equipping of premises to host manufacturing and support activities and the provision of operational services. The company indicated that the centre would offer capacity building and technical support to local enterprises. The operational model typically includes shared machinery, common utilities and administrative support to reduce overheads for tenants. The investment is likely to have wider economic effects in the area by creating opportunities for ancillary businesses and service providers. Local employment generation and skill development are typical outcomes associated with such infrastructure projects. Such projects often attract suppliers and logistics providers looking to serve consolidated clusters of manufacturers. MIC Electronics described the project as aligned with its strategy to expand its industrial footprint and support regional manufacturing hubs. The company said it will continue to engage with relevant authorities and potential users to finalise operational arrangements. The announcement noted the company’s intent to monitor impact and report progress in subsequent disclosures.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code