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AP is ideal for electronics components manufacturing
• Basic infrastructure available in Rayalaseema
• New policy aimed at fulfilling ‘Make in India’ goals
• CM Chandrababu Naidu reviews Electronics Components Manufacturing Policy 4.0
Amaravati, July 21: Chief Minister Chandrababu Naidu stated that there is vast potential for electronic component manufacturing in places like Sri City, Hindupur, and Kopparthy in Rayalaseema. He directed officials to attract investments to this region, suitable for electronics manufacturing. On Monday, the Chief Minister reviewed the newly drafted Electronics Components Manufacturing Policy 4.0 at the Secretariat. 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. He 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. He noted that areas like Sri City near Tirupati, Orvakal near Kurnool, Kopparthy, and Hindupur are well-suited for setting up electronics manufacturing industries. The CM also stated that the government will take steps to promote aspiring entrepreneurs, reiterating the coalition government's vision of “One Family, One Entrepreneur.”
Three regions favourable for IT companies
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. Along with IT and ITeS firms in Visakhapatnam, manufacturing industries can be developed from Lepakshi to Orvakal. He 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. He stressed the need to integrate the skill development portal with other platforms to enhance youth skills in line with future demands. He also recommended updating academic curricula to meet emerging educational needs, thereby creating opportunities at the state, national, and global levels. The CM reiterated his vision of making Andhra Pradesh the number one knowledge economy in the country.
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