Japanese business delegation visits SriCity

Development comes at time when the neighbouring State Tamil Nadu loosing its share in the Electronic industry space with a closure of Nokia factory

A 10-member business delegation from the Japan Electronics and Information Technology Industries Association (JEITA) visited Sri City SEZ in Andhra Pradesh today.

The delegation included representatives from Panasonic, Hitachi, Daiwa, and Mitsubishi Research Institute, a release said.

The intent of their visit was to witness the existing infrastructure at Sri City and explore the possibility of setting up electronic industries. The visit comes at a time, Chennai is loosing its glory of being the largest electronic cooridor, after the closure of Nokia facility at Sriperumbudur. SriCity is located on the borders of Tamil Nadu and Andhra Pradesh.

Ravindra Sannareddy, managing director, Sri City commented that consequent to the visit of N. Chandrababu Naidu, Chief Minister of A P, to Japan, the leading industries of that country are showing keen interest in investing in AP, and are deputing their representatives to visit the state and assess the business potential and investment opportunities.

B Sreedhar, Secretary, Information Technology, Electronics and Communications (ITE&C) commented that Andhra Pradesh offers a lot of incentives to the investors and has a large bank of land for setting up industries. The state government accords approvals and necessary clearances through its 'single desk' system in just 21 days".