“OASME Council for Engineering and Technology”, (ACURATE) has been incorporated as a private limited company registered under section 8 of the company’s act in 2019. The SPV This cluster is under the aegis of OASME industry association. The cluster contains 88 members where as 30 entrepreneurs are the permanent members of the SPV having equal shares.
The engineering industry is an age-old industry having a strong footing in Odisha. The industry is witnessing the presence of Large, medium, small and micro industries. The last one is a dependent sector, which has a lion’s share in numbers. Everything from Furniture, Steel fabrication, Agriculture equipment, Electrical item, Cable, Conductor, Transformer, Mechanical Hydraulic equipment, Irrigation based equipment etc. are manufactured in Odisha.
Read MoreEnhancing the production level by 50% within 3 years
Increasing the productivity by 30%
Embarking upon composite Engineering products
Upgrading 25% of the job work based micro enterprises to full-fledged enterprises in the next 3 years
Exploring new export markets within 3 years
Exporting 25% of the production within 3
Attempting to attract employment for 10 K people after CFC being established, (Directly & indirectly)
Transforming the Odisha based engineering cluster into a fast emerging outsourcing destination for design and manufacture of Engineering products, machinery, equipment and Agricultural equipment by 2025 by infusing technology, quality standards and cultural changes among the micro & small enterprises to impel them from the state level to a world class manufacturing hub.
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