In a move to attract big ticket investments in the electronics sector, the state has expressed willingness to work with large investors with an over Rs 7,500 crore, which could make AP a global manufacturing destination.
The government has promised not only to fast-track such investment proposals through a special committee but also ensure that these investors get required Infrastructure and skilled manpower in a rapid manner.
The State Government cleared the much awaited Electronics Policy by offering several sops to industrialists. The policy, which will be in force till 2024, is designed to expand its footprint in the electronics sector.
For industries that will invest Rs 500 crore or provide EMPLOYMENT to at least 4,000 people in the electronics manufacturing unit, the government has decided to offer customised packages.