VIJAYAWADA: China-based Sunny Optical Multinational Electronics Company is planning to set up a manufacturing unit in the temple town of Tirupati by investing around Rs 500 crore. A Memorandum of Understanding (MoU) will be signed between Sunny Opticals, an integrated optical device manufacturers and an optical imaging system solution provider, and Andhra Pradesh Electronics department at the Interim Government Complex in Velagapudi on Tuesday.
The agreement will be signed in the presence of IT Minister Nara Lokesh. The manufacturing unit is said to generate around 2,500 jobs. Apart from having business relationships with Huawei, Xiaomi, Oppo, Vivo, Lenovo, Hikvision, Magna, TRW, Continental, Sony, Panasonic, Olympus and Carl Zeiss, the China-based company has products ranging from industrial, cell phone, teaching support, life science, non-contact measuring, optical imaging products and automotive optical among others.
More than 28,540 are employed in units of the China-based company in various countries. It may be recalled that as a part of his China visit a few months ago, Lokesh had called on Sunny Opticals vice-director Aaran and invited him to invest in Andhra Pradesh after explaining the measures being taken by the State government to develop the electronics sector.
Meanwhile, Lokesh held discussions with Tata Trust, Andhra Pradesh, regional manager Rajendra Babu and other representatives on drinking water supply. Tata Trust extends various other services such as rural development, healthcare and supplying safe drinking water.
Stating that the State government has set up NTR Sujala Plants under ‘Hub-and-Spoke’ model to supply safe drinking water to people, the IT minister said satisfactory results would have happened if the Tata Trust came forward as the operational partner for management of NTR Sujala Plants. Tata Trust representatives expressed willingness to associate with the government in maintaining the NTR Sujala Plant, adding that they would come up with a plan after conducting a study.