Rs 14,000 cr Semiconductor Investment in Andhra Pradesh
By Rediff Money Desk, Amaravati Dec 20, 2024 22:42
Andhra Pradesh is set to receive Rs 14,000 crore in semiconductor investments at Orvakal industrial park, with an Indo-Japanese company leading the initiative. The deal is expected to be signed in January 2025.
Amaravati, Dec 20 (PTI) Andhra Pradesh Industries Minister T G Bharat on Friday said that potential investments worth Rs 14,000 crore in the semiconductor sector are in the pipeline at Orvakal industrial park in Kurnool district.
The minister noted that an Indo-Japanese company is keen on this investment and arranged a meeting for its executive with IT Minister Nara Lokesh in Amaravati.
"Rs 14,000 investments are likely to come into Kurnool district's Orvakal industrial park. An Indo-Japanese company expressed its readiness to invest in the semiconductor sector," said Bharat in an official release.
Incidentally, the executives deliberated that Orvakal industrial hub in the Rayalaseema region is conducive for investments.
According to Bharat, the company is expected to ink a deal with the southern state in the presence of Chief Minister N Chandrababu Naidu in the second week of January, 2025.
The minister noted that an Indo-Japanese company is keen on this investment and arranged a meeting for its executive with IT Minister Nara Lokesh in Amaravati.
"Rs 14,000 investments are likely to come into Kurnool district's Orvakal industrial park. An Indo-Japanese company expressed its readiness to invest in the semiconductor sector," said Bharat in an official release.
Incidentally, the executives deliberated that Orvakal industrial hub in the Rayalaseema region is conducive for investments.
According to Bharat, the company is expected to ink a deal with the southern state in the presence of Chief Minister N Chandrababu Naidu in the second week of January, 2025.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS

Samsung India Workers Strike: Standoff...
A section of workers at the Samsung factory near Chennai continues their strike,...
VA Tech WABAG Wins Rs 3,251 Crore Sewage...
VA Tech WABAG secures a USD 371 million (Rs 3,251 crore) order for a 200 MLD...

Prestige Estates Plans Rs 30K Cr Housing Launch...
Prestige Estates to launch Rs 30,000 crore worth of housing projects in Q4 FY25,...