Amaravati: Andhra Pradesh Industries Minister T G Bharat said on Friday that potential investments worth Rs 14,000 crore in the semiconductor sector are in the pipeline at Orvakal Industrial Park in Kurnool district. The minister noted that an Indo-Japanese company is keen on this investment and arranged a meeting for its executive with IT Minister Nara Lokesh in Amaravati.
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"Rs 14,000 investments are likely to come into Kurnool district's Orvakal industrial park. An Indo-Japanese company expressed its readiness to invest in the semiconductor sector," T G Bharat said in an official release.
Semiconductor Investment: Andhra Pradesh's Orvakal Industrial Park in Kurnool is set to receive Rs 14,000 crore in
semiconductor investments from an Indo-Japanese company.
Incidentally, the executives deliberated that the Orvakal industrial hub in the Rayalaseema region is conducive to investments. According to T G Bharat, the company is expected to ink a deal with the southern state in the presence of Chief Minister N Chandrababu Naidu in the second week of January 2025.
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