This week, the Indian PM and force behind the Made in India initiative, Narendra Modi has laid the foundation stone to set in motion the Shri Venkateswara Mobile and Electronics Manufacturing Hub, based in Tirupati. This brings to fruition the first mobile manufacturing hub in India and gives a boost to the ever-developing electronics manufacturing sector, an integral part of the wider ESDM market within India. Prime Minister Modi was joined by a host of Uniona and Chief Ministers at the event, marking the importance not only at a local but at a national level of this initiative.
The Triputi Shri Venkateswara Mobile and Electronics Manufacturing Hub is expected to create at least 10,000 new jobs in the area, over the 60 acres site, the bulk of these within a year. Underlining his views on the hub, PM Modi said “The previous government has done a lot of such things and a lot of time and energy of this government is going into undoing and setting them right. But I assure Centre’s support to both the states and the Government of India will always stand by and support you.”
According to local officials, four large electronics manufacturers have expressed an interest and are expected to build plants within the site: Micromax, Celkon, Karbonn and Lava, joining the likes of Foxconn in the State of Andhra Pradesh, which is fast becoming the go-to state for electronics mobile manufacturing in India.