MIC Electronics Limited has been awarded a ₹114.10 crore contract by the Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP) for the development of a modern Common Facility Centre (CFC) at Sector 22, Nava Raipur Atal Nagar. The project covers the complete lifecycle of execution, including design and engineering, procurement of advanced equipment, construction, installation, testing, commissioning and operational readiness. The facility is scheduled to be completed within a 10-month timeframe.
The Common Facility Centre is envisioned as a shared manufacturing and technology hub aimed at strengthening the regional electronics manufacturing ecosystem. It will offer centralised access to high-end machinery, utilities, engineering infrastructure and testing facilities, reducing capital barriers for MSMEs, startups, system integrators and technology-led enterprises.
By providing shared access to capital-intensive manufacturing and validation capabilities, the centre is expected to support electronics manufacturing services, precision assembly, prototyping, system integration, testing and institutional technology operations. The model is designed to enhance capital efficiency, shorten development cycles and enable scalable growth for multiple users within Nava Raipur.
MIC Electronics’ selection is underpinned by its strong execution credentials and manufacturing experience. The company operates two in-house Surface Mount Technology (SMT) lines equipped with advanced electronic manufacturing and testing systems, giving it practical insight into the operational requirements of shared production environments.
This experience will enable MIC Electronics to design manufacturing-optimised layouts, deploy precision equipment, implement robust quality and safety systems, and ensure efficient long-term operations and maintenance. The facility is being developed as a fully functional manufacturing ecosystem rather than a standalone infrastructure asset.
The project is expected to act as a catalyst for industrial development in Nava Raipur and across Chhattisgarh, supporting enterprise growth, attracting investment and generating significant employment during both execution and operational phases. The development aligns with national initiatives such as Make in India, Atmanirbhar Bharat and Ease of Doing Business, while supporting Chhattisgarh’s MSME and industrial promotion policies.
Commenting on the award, Rakshit Mathur, CEO, MIC Electronics Limited, said the project represents a strategic opportunity to build a platform that enables electronics manufacturing and technology-led industrial expansion, leveraging the company’s hands-on manufacturing and operational expertise.
Headquartered in Hyderabad, India, MIC Electronics is best known for its LED display solutions used in indoor, outdoor and mobile environments, including digital billboards, video walls, and passenger information systems for transport hubs like railways and airports. The company also produces LED lighting products, communication equipment, and has diversified into related segments like telecom software, signalling systems, and medical appliances such as oxygen concentrators.
Listed on major Indian stock exchanges (NSE & BSE), MIC Electronics serves both domestic and international markets, maintaining offices and operations in countries including Australia, the USA and the UAE. Over its history, the firm has achieved several milestones such as securing indigenous telecom equipment approvals and exporting products globally. With its focus on innovation in LED and telecom technologies, MIC Electronics plays a significant role in digital infrastructure solutions across sectors like transportation, advertising, and industrial communications.
