VIJAYAWADA: Aimed at generating 6,600 jobs, the State government on Tuesday entered into an agreement with US-based electronic hardware manufacturing giant Flex Ltd, which will set up its hardware manufacturing unit near Tirupati with an investment of Rs 585 crore. At a programme held at the Interim Government Complex in Velagapudi on Tuesday, officials of the government and Flex Ltd exchanged the papers.
Under the agreement, Flex Ltd, which has its presence in 30 countries, will set up its hardware manufacturing unit (mobile components) near Tirupati with an investment of Rs 585 crore.
Speaking on the occasion, Information Technology Minister Nara Lokesh said Flex Ltd will set up its unit in Tirupati on August 15. He reiterated that the government set a target of generating 2 lakh jobs in the electronics sector alone.
During an interaction with Chief Minister N Chandrababu Naidu, representatives of Flex Ltd informed the future plans of the company. Francois Barbier, president, Global Operations for Flex Ltd. said, “We have chosen Andhra Pradesh as our destination with a positive intent. We are looking forward to working with you and create an ecosystem which is fulfilling to all.”
“I want to get a positive outcome out of this initiative. Result in form of happiness and prosperity is my primary motive,” Chief Minister N Chandrababu Naidu said.“I am pleased to inform you that Tirupati, Nellore and the cluster around it will have airports and infrastructure specifically for this purpose. Land is abundant along with a great road and port connectivity. Krishnapatnam port is bustling and growing and you would not get all these advantages anywhere else,” he added.