Micro, Small and Medium Enterprises (MSME) contribute nearly 45% of the manufacturing output, 40% of the exports, and 8% of the country’s GDP. They provide the largest share of employment after agriculture. MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby reducing regional imbalances, assuring more equitable distribution of national income and wealth.
Electronics City is a hub for MSME’s and there is a need for strengthening this sector by providing shared infrastructure for their development. The ELCIA CLUSTER is an SPV formed by a group of ELCIA MSME’s with the purpose of creating an industrial cluster under the guidelines issued by the Ministry of MSME, CDP Scheme, Govt.of India.
The ELCIA CLUSTER has availed the benefits and incentives in the form of grants and financial assistance from Government of India (GoI) and the Government of Karnataka (GoK) for the formation and establishment of an MSE industrial cluster. The Ministry of MSME, GoI has adopted the cluster development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building of Micro and Small Enterprises (MSEs) and their collectives in the country.
A Common Facility Centre (CFC) is set up in ELCIA Park with funding from GoK, Ministry of MSME, GoI and from its own member organisations. Most of the Small and Micro Enterprises (SMEs) lack the required infrastructure for R&D, machining, testing & calibration of products. This leads to major restrictions on productivity, compliance, and innovation. The setting up of the Common Facilities Centre (CFC) project is aimed at addressing these problems through a cluster approach.
We offer services in the following fields:
1) Organizing loans from banks and NBFCs for all your needs like working capital, purchase of machinery, transfer of existing loans for a lesser rate of interest, etc.,
2) Detailed Project reports for new ventures, expansion of existing units, etc.,
3) Filing of returns/Internal and External Audit
4) Valuation of companies for investors
We have an executive also for the collection of documents, which avoids traveling to the main city- Please contact me for any of your needs…
We can help the companies grow by solving their problems and we can also grow along with them
ELCIA is delighted to share that ISBR Business School has won the Award for the Best Industry Linked Management(Emerging) Institute in the AICTE-CII Survey 2020. It was recently announced by Honourable Education Minister Shri. Dr. Ramesh Pokhriyal at the Education Summit in Delhi. ISBR has also been ranked as Platinum Institute for 5 consecutive years (2016-2020).
This year ELCIA powered a new initiative towards “Celebrating Success” of its member organizations for their achievements in the areas of innovation resulting in patents, sustaining during COVID crisis, and revival post lockdown. It was also proposed to recognize individuals from our member organizations for their outstanding contribution towards Social Work.
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