Andhra Pradesh is set to become a leader in information technology, hardware technology in particular, Chief Minister N. Chandrababu Naidu has said.
The State is importing various hardware components worth $400 billion. Keeping this in view, it is creating a facility for setting up two giant electronics clusters in Amaravati with a capital investment of $1,100 billion. These clusters – a hardware park and a semi conductor park – will come up in 300 acres and 500 acres respectively in the Capital region. They are expected to create over two lakh jobs in the next 10 years.
“A.P. will become a leader in embedded technology and chip design. India has over 230 companies in chip design, but we are aiming at capturing the market share in chip design,” Mr. Naidu said after inaugurating the Veda-Invecas IT Towers at Vidya Nagar here on Friday.
Earlier, Mr. Naidu interacted with the CEOs of mobile and IT firms and explained them the measures being taken to widen the IT footprint in the State.
Mr. Naidu assured all support to those willing to invest in the State.
“The A.P. Non Resident Telugu Society has been handholding the IT firms to set their foot in the State,” he added.
IT Minister N. Lokesh said the State emerged as a leader in mobile technology, as 25 out of 100 mobile phones were being manufactured in the State. A chip designing park, coming up in 35 acres in Amaravati, would be designed on the lines of the one in Taiwan.