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.
The minister pointed out that land allotment to electronics Industry would be done by a designated agency only on the recommendations of Consultative Committee on Information Technology and Electronic Industry (CCITEI), comprising experts from the government. The government has also decided to allow investors for mixed land usage, up to 25 per cent of the developed land.