Artificial Electronics Intelligent Material has signed a Memorandum of understanding (MoU) with the Government of Maharashtra for setting up manufacturing facility for Saphire Ingots and Wafers at Mihan SEZ, Nagpur Maharashtra with an investment of Rs 10,000 crore in next 5 years.
The Government of Maharashtra will facilitate Artificial Electronics Intelligent Material to obtain necessary permissions / registrations / approvals/ clearances / fiscal incentives etc from the concerned departments of the State, as per the existing policies / rules and regulations of the Government of Maharashtra.
Artificial Electronics Intelligent Material is in the business of developing packaged software solutions.