Vijayawada, July 24 -- The Andhra Pradesh State Council of Ministers approved the proposal made by IT E&C Department for approval of Andhra Pradesh Electronics Components Manufacturing Policy 4.0.
The AP State Cabinet meeting was held in the Secretariat at Amaravati near here today. It approved the Electronics Components Manufacturing Policy 4.0 aiming to invite USD 150 billion worth of investments in the coming years.
The State Council of Ministers approved allocating 0.45 acres of land to Phenom People Private Limited in the IT Park at Madhurawada, Rushikonda Non-SEZ zone, Visakhapatnam district, and providing incentives under AP IT & GCC Policy (4.0) 2024-29 for a project with Rs.207.5 crores investment creating 2500 jobs.
The Cabinet...