MNCs eye AP for setting up their manufacturing units


No sooner had Andhra Pradesh unveiled its Electronics Hardware Policy 2012-17 , than giants like Samsung, Hitachi, Huawei and Solartech of Taiwan are already queuing up to explore the possibility of setting up manufacturing units in the state, reports the Times of India .

According to state IT minister Ponnala Lakshmaiah, top guns of these companies, who were among the 26 CEOs that deliberated with AP chief minister Kiran Kumar Reddy and the state’s IT ministry at the CEO conclave held as part of the Advantage AP 2012 IT summit, evinced interest setting up shop in the state. “They were trying to enquire and find out the demand and possibility of setting up operations in the state,” Lakshmaiah said.

“Electronics and hardware is a US$ 400 billion potential by 2020 and the state government is geared up to methat challenge with the newly unveiled Electronics Hardware Policy 2012-17 . This when even the Centre is only still drafting the national Electronics Hardware Policy. We are ahead of the game and AP is an ideal destination for this sector,” he explained. He also pointed out that apart from existing players like Infosys , IBM, Google, Thomson Reuters, Bosch and Hitachi Consulting showing interest in expanding their presence in the state, new players like Bell Labs, Global Logic, Allscripts , EMC, Pace and Emulex were also exploring the possibility of setting up software units in the state.

The IT minister also said that the state government had made a provision of Rs 1.4 billion to set up a 25 acre animation and gaming city at Raidurg as well as incubation centres in colleges across the state as well as tier-II cities like Tirupati and Vijayawada , among others.



Please enter your comment!
Please enter your name here

Are you human? *