Sri City, Hindupur, & Kopparthy as potential hubs
Emphasising the vast potential for electronic component manufacturing in the state of Andhra Pradesh, Chief Minister Mr Chandrababu Naidu has highlighted 3 key regions in the state for its development, i.e., Sri City, Hindupur, and Kopparthy in Rayalaseema.
He therefore directed officials to attract investments into these regions, which he opined are suitable for electronics manufacturing.
Reviewing the newly drafted Electronics Components Manufacturing Policy 4.0 at the Secretariat today, Mr Naidu said that the new policy aims to attract investments in the electronics sector between 2025-30.
Officials informed the CM that the policy is designed to reduce electronics imports, boost domestic production, and focus on exports.
They shared that last year, India imported electronic circuit boards worth $70 billion, highlighting the sector’s immense demand.
The CM stressed that self-reliance in electronics and achieving ‘Make in India’ targets must be prioritized. He said Andhra Pradesh must launch large-scale manufacturing initiatives to meet international demand and also create its brand for these products.
He emphasized that the new policy should facilitate large-scale production and instructed officials to ensure the development of a conducive ecosystem alongside the establishment of industries.
The chief minister advised preparing an action plan to attract $50-100 billion in electronics components manufacturing sector investments. With land availability becoming a serious issue in cities like Bengaluru and Chennai, Andhra Pradesh has a significant advantage, he added.
Mr Naidu noted that areas like Sri City near Tirupati, Orvakal near Kurnool, Kopparthy, and Hindupur are well-suited for setting up electronics manufacturing industries. The Chief Minister noted that cities like Visakhapatnam, Amaravati, and Tirupati offer immense opportunities for setting up IT companies.
Allocating space for 500 IT companies in these regions can generate large-scale employment, he said.
Mr Naidu also directed the establishment of co-working spaces in these areas. The CM instructed officials to ensure job opportunities increase in Visakhapatnam, Vijayawada, and other cities in the state.
