Quantum Materials Corp. (fka QTMM)

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The India/Assam deal will create 8000 Jobs

Tech City to be completed by January 2019
SIVASISH THAKUR
http://www.assamtribune.com/scripts/detailsnew.asp?id=mar0818/at064

GUWAHATI, March 7 - The proposed Tech City at Bongora, which seeks to establish Assam as a hub for electronics design and manufacturing in line with the objectives of the Act East Policy, is scheduled to be completed by January 2019.
“The Tech City infrastructure is likely to be completed by January next year, for which the DPR has been already approved by the Union Ministry of Electronics and Information Technology (MeitY) at an estimated project cost of Rs 120 crore,” sources in the IT Department, Assam, told The Assam Tribune. The entire project is expected to generate 8,000 employment (direct and indirect) opportunities in the State.

The Tech City will see, among other things, the manufacturing of nanoparticles and nanocrystals for the first time in India by M/s Amtronics CC, a company having collaboration with Quantum Materials Corp, USA and Mega Consortium Pvt Ltd. They are planning an investment of Rs 104 crore.

The Tech City, the proposal for which was made to MeitY by the IT Department, Assam, through its nodal agency Assam Electronics Development Corporation Limited (AMTRON), envisages developing a Greenfield EMC (electronic manufacturing cluster).

The proposed park, located at a distance of just 4 km from the LGBI Airport with an area of 103.39 acres, is well connected with road, rail, and water as well. It also enjoys proximity to institutions of higher learning like IIIT Guwahati, Gauhati University and Assam Engineering College.

Sources said that many investors had already come forward with their plans of setting up of manufacturing units. Some have shown interest in setting up support facility centres such as BPO, ESDM skill development centre, data centre, testing lab, etc. MoUs have been signed with 33 companies during the recent Global Investors’ Summit in Guwahati.

“While JnJ Powercom Systems Ltd having key product line smart grid and smart meter manufacturing has proposed investment of Rs 50.50 crore, DS Systems Pvt Ltd specializing in power conditioning equipment and solar products manufacturing and assembling will invest Rs 6 crore. TelExcel Information Systems Limited that manufactures IOT, wireless and network products is another investor,” sources added.