Flextronics, the world's third largest electronic company, will start its operation in Andhra Pradesh.
The company will invest approximately Rs. 585 crores, which will create almost 6600 jobs in the state.
The representatives of the company met with Andhra Pradesh Chief Minister Chandrababu Naidu and Information Technology Minister Nara Lokesh at CM's office in the secretariat, following which a Memorandum of Understanding (MoU) is signed between the Government of Andhra Pradesh (GoAP) and Flextronics representatives.
The IT minister said, " Flex will set up a greenfield manufacturing facility in the state to build a diverse range of intelligent products and generate thousands of jobs while building a strong supplier network."
World's biggest electronics manufacturing company 'Foxcon' has set up its unit in Andhra Pradesh, along with companies like celkon, carbon, dixon. As many as 14,000 women have employment.
As of now, 18,000 jobs have been created in electronics manufacturing segment alone. Recently, Reliance has accepted to invest Rs. 15,000 crores in electronics segment which will produce Jio phones, set top boxes and other electronic devices. It will create 25000 employment in one place.
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