Tata Technologies has come forward to set up three Common Engineering Facility Centres (CEFCs) in the State at an investment of ₹2,000 crore, said Large and Medium Industries Minister M.B. Patil.
The proposal was to set up the centres through the PPP model where Tata Technologies would have a 70% stake while the State government would have a 30% stake in the venture, said the Minister.
These CEFCs would cater to Advanced Manufacturing 4.0, Electric Vehicle Testing and Aerospace & Defence and vastly benefit the upcoming MSMEs and start-ups in these sectors, the Minister explained, adding this was the first such move to facilitate the growth of small companies.
