MoU inked with China firm for Rs 500-cr Tirupati unit

VIJAYAWADA: The State government signed a with China-based Sunny Opotech Technology (Group) Company Limited (Sunny Opotech), a leading manufacturer of integrated optical devices and optical imaging system solutions, for setting up a unit in Tirupati with an estimated investment of Rs 500 crore. The unit is expected to generate around 4,000 jobs.

The MoU was exchanged between IT Secretary Vijayanand, Andhra Pradesh Information Technology Academy CEO Bhaskar Reddy with the China-based company delegation Executive Vice President Wang Wenjie, Ningbo (Sunny Opotech) CEO David Wang in the presence of IT Minister Nara Lokesh at the Interim Government Complex in Velagapudi on Tuesday.

Speaking on the occasion, Lokesh explained various steps taken by the State government to develop electronics manufacturing sector in the State. “We are the only State, which introduced unique policies to attract large, medium and small scale manufacturers. Andhra Pradesh has recently been ranked Number 1 in ‘Ease of Doing Business’. Special incentives given by us are a hit with investors. They have shifted their perception of seeing India from a destination of assembling electronics parts to working towards establishing the State as a state-of-the-art hub for  manufacturing industry,” Lokesh said.

Companies such as Foxconn, Celkon, Karbonn and Dixon have already set shop in the State. “Holitech, Flex and Reliance Jio will soon be joining this fast-growing industry. The State’s long-term vision towards which the government is working is to create an electronics manufacturing industry valued at $250 billion by 2024, approximately half of the total $ 500 billion market of India,’’ he said. Sunny Opotech has products ranging from industrial, cell phones, teaching support, life science, non-contact measuring, optical imaging products, automotive opticals among others.