Andhra Pradesh to Establish ₹14,000-Crore Semiconductor Facility in Orvakal
The Andhra Pradesh government has announced plans to set up a ₹14,000-crore semiconductor manufacturing facility within the Orvakal Mega Industrial Hub in Kurnool district. This strategic initiative aims to position the state as a significant player in the rapidly expanding semiconductor industry.
Strategic Significance
The establishment of this facility is expected to generate substantial employment opportunities and attract further investments in the electronics sector. By situating the plant in the Orvakal Mega Industrial Hub, the state leverages existing infrastructure to support large-scale industrial operations.
Government Initiatives
This development aligns with India’s broader objective to become a global hub for semiconductor manufacturing. The central government’s production-linked incentive (PLI) schemes have been instrumental in attracting such high-value investments, fostering an environment conducive to technological advancement and economic growth.
