IT, Electronics and Communications Minister Nara Lokesh will be on an investment hunting trip to China in the second half of September.
The IT, Electronics and Communication department officials said to The New Indian Express that minister Nara Lokesh to visit China next month. They also informed that the minister, during the trip, would enter into Memorandums of Understandings (MoUs) with a few electronics manufacturing firms.
Activities to be followed
While the focus will be on attracting mobile manufacturing companies to the State, a series of meetings with CEOs and heads of companies that make consumer, defence and medical electronics are scheduled during the trip. The Information technology Minister will also make a presentation on the incentives being given by the State government to the investors.
As a part of his visit to China, the minister will also explain the efforts of the State government to create an ecosystem for manufacturing electric vehicles. The department aims to attract investments worth Rs. 30,000 crore in the sector in the next three years which are expected to create 60,000 jobs.
Officials also informed the English Daily that the minister will explain to the investors about the Andhra Pradesh Electric Mobility Policy 2018-2020 to promote electric vehicle manufacturing. This will be done with the idea is to have each and every component of the vehicle made here in India.
They further informed that before the bifurcation of the State, there was no mobile phone manufacturing units in Andhra Pradesh. Now, three of the 10 mobile phones manufactured in India are made in the State. The plan is to have all types of electronics manufacturing units in the State.
