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Tech Firm Finalised For Auto Cluster  
Source:   The Telegraph City   : Calcutta Published On   27-10-2009  

 

The state-run Jharkhand Industrial Infrastructure Development Corporation will provide required technical assistance to the proposed Adityapur auto cluster’s hi-tech laboratory.

The decision was taken at a meeting of the company’s board of directors in Ranchi today.

“The corporation will extend its technical expertise for setting up the hi-tech laboratory at Adityapur. It will help us prepare the blueprint and chalk out estimate of the project,” said director of the auto cluster S.N. Thakur.

The proposed laboratory, spread over five acres, will be developed at Rs 40.63 crore. The cluster will make payment to the corporation according to prescribed norms.

The board of directors also decided to distribute certificates among the equity holders. Adityapur Auto Cluster Limited (AACL) has received around Rs 2.75 crore equity participation for the project.

Adityapur Industrial Area Development Authority (Aiada) has provided the largest equity participation to the auto cluster till now.

“Aiada has not charged for the land it has provided to Adityapur auto cluster for the project. The land cost of the authority, which is Rs 2 crore, has been converted into equity. As per the decision, we will provide the certificate to equity holders soon,” Thakur added.

The board also directed JINFRA, a joint venture company of Jharkhand Infrastructure Development Corporation and IL&FS, to complete the survey for common effluent treatment plant (CETP) and hazardous waste management facility (HWMF). Earlier, JINFRA was appointed as the project management consultant for CETP and HWMF.

According to Thakur, CEPT and HWMF, to be developed at a cost of Rs 20 crore, will have the capacity to cater to the need of 1,000 industrial units in the auto cluster. AIADA has allotted 12 acres of land for the two projects in Adityapur Industrial Area (AIA). At present, AIA has around 800 small, medium and large-scale industrial units.

Thakur informed that the decisions would help in lending momentum to the setting up of the auto cluster. The project is coming up at an investment of Rs 65 crore of which Rs 9.85 crore will be raised as equity participation from local industries. The Union government has provided 75 per cent subsidy to the project while the state has pledged to give Rs 6.53 crore.

 
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