ENA State 2024-06-21 15:58:40 <p><span style="font-size:14px"><strong>New Delhi, Jun 21 (KNN)</strong> Andhra Pradesh, long celebrated for its rich cultural heritage and agricultural prowess, is rapidly emerging as a formidable contender in the electronics manufacturing sector.</span></p> <p><span style="font-size:14px">The state's strategic coastal location, robust infrastructure, and investor-friendly policies are attracting major players in the industry, signalling a new era of technological advancement and economic growth.</span></p> <p><span style="font-size:14px">Recent developments underscore the state's commitment to this transformation. In a significant move, Nara Lokesh, the newly appointed IT Minister of Andhra Pradesh, met with Y. Guru, Chairman and Managing Director of Celkon Group, to discuss strategic plans for bolstering the electronics manufacturing ecosystem in the state.</span></p> <p><span style="font-size:14px">Guru revealed plans for an upcoming meeting with the Chief Minister and IT Minister to develop a comprehensive strategy aimed at establishing Andhra Pradesh as a powerhouse in electronics manufacturing.</span></p> <p><span style="font-size:14px"> The IT Minister conveyed his full alignment with the vision to transform Andhra Pradesh into a leading hub for electronics manufacturing, Guru stated.</span></p> <p><span style="font-size:14px">The potential for growth is substantial. India's electronics manufacturing sector, valued at USD 75 billion in 2019, has already reached USD 115 billion by 2024 and is projected to hit USD 300 billion in the coming years.</span></p> <p><span style="font-size:14px">Lokesh expressed his determination to secure a significant portion of this growth for Andhra Pradesh.</span></p> <p><span style="font-size:14px">Guru highlighted the sector's impressive 400 per cent growth from 2015 to 2024, with India now exporting mobile phones worth INR 1,20,000 Crores. This presents a lucrative opportunity for Andhra Pradesh to boost its export capabilities.</span></p> <p><span style="font-size:14px">The state's ambitious vision encompasses attracting major players across various electronics product segments, including mobile phones, IT hardware, consumer electronics, and semiconductors.</span></p> <p><span style="font-size:14px">The Tirupati Electronics Manufacturing Cluster (EMC) stands as a testament to this vision, already housing plants for companies like Celkon, TCL, Sunny Opotech, and Foxlink.</span></p> <p><span style="font-size:14px">Pankaj Mohindroo, Chairman of the India Cellular &amp; Electronics Association, expressed strong support for the initiatives led by Chief Minister Naidu, stating, Andhra Pradesh has tremendous potential in electronics manufacturing, and our previous collaborations have delivered concrete outcomes. </span></p> <p><span style="font-size:14px">As Andhra Pradesh accelerates its efforts to attract major electronics manufacturers and build a sustainable industrial ecosystem, it is poised to play a pivotal role in India's electronics manufacturing landscape, potentially reshaping the regional and national economy in the process.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38295 https://knnindia.co.in/news/newsdetails/state/andhra-pradesh-poised-to-become-electronics-manufacturing-powerhouse 2024-06-21 15:58:40 knnindia.co.in