Advanced hi-tech electronics city to come up in Lepakshi knowledge hub

Hyderabad, Jan. 12:
The preliminary steps for setting up an ambitious hitech electronic city in Anantapur district with estimated investment of Rs 5,000 crore have been initiated. It will be spread over 2,500 acres and have several clusters.
Global Emerging Markets (GEM), Vittal Innovation City and Lepakshi Knowledge Hub (LKH) have formed a joint venture to develop the project. Vittal Innovation City will be the catalyst to bring in companies that will manufacture, innovate and provide jobs.
According to Mr S. Balaji, Managing Director of LKH, about Rs 150 crore would be pumped in during the next six-eight months to create basic infrastructure in the city. The $3.4-billion, alternative investment group — GEM, headquartered in Geneva is responsible to bring in investments.
Efforts are on to create an electronic hub modelled on the Silicon Valley, US; Hsinchu in Taiwan and Tsukuba in Japan at the LKH, he said. The city will be around 70 km from the Bangalore International Airport. “The project is expected to provide employment to 25,000 people”, he told Business Line.
LKH is developing an 8,800 acre integrated township in Anantapur district, a defence and aerospace industrial cluster and a textile park spread over 130 acres. It has also tied up with North Western Aerospace Alliance to develop a supply chain academy in Lepakshi.

Strategic opportunity

The joint venture will provide a strategic opportunity to get electronics and IT hardware manufacturing on the lines of the IT software sector. Mr N. Vittal, former Secretary, Department of Electronics and Mr GuruRaj, a veteran from the electronics industry have prepared the concept and plans for the proposed project, he said.
Vittal Innovation has an MoU with the Institute of Information Technology, Taiwan and some Taiwanese electronic industry, who have showed interest in the project. The Department of Information Technology is also encouraging the setting up of electronic hardware parks across the country.
Source - the hindu business line.

Follow by Email