Andhra Pradesh is fast turning into a mobile manufacturing hub with Lava being the latest entrant with an investment of Rs 500 crore. Besides Lava, the Sri Venkateswara Mobile and Electronics Manufacturing Hub at the industrial park at Renigunta near Tirupati — recently inaugurated by Prime Minister Narendra Modi — will boast of leading manufacturers like Micromax, Celkon and Karbonn. The three firms are expected to invest Rs 200 crore each to set up their factories.
Meanwhile, Foxconn has already started operations at Sri City and has partenred Xiaomi and Gionee to manufacture their handsets. Asus is also expected to come in next.
“We plan to establish Sri City and Tirupati into a global electronics and hardware manufacturing hub. Sri City is seen as an ideal location due to its proximity to ports at Krishnapatnam as well as Chennai and airports at Tirupati and Chennai,” information minister of the state P Raghunatha Reddy said.
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