Ground breaking for 10 electronics companies in Tirupati today
In the bid to make Tirupati as Silicon city, ground breaking ceremonies for 10 companies will be held in Tirupati on Sunday The Minister for IT and Panchayat Raj N Lokesh and Minister for Industries N Amaranatha Reddy will participate in the programmes and perform Bhumi Puja for these companies
Tirupati: In the bid to make Tirupati as Silicon city, ground breaking ceremonies for 10 companies will be held in Tirupati on Sunday. The Minister for IT and Panchayat Raj N Lokesh and Minister for Industries N Amaranatha Reddy will participate in the programmes and perform Bhumi Puja for these companies.
The details of some of the companies are: Exatron Servers Manufacturing Pvt. Ltd, an organization focused on manufacturing servers and storage products in India, announced that it is setting up a state-of-the-art manufacturing and assembling plant at the Industrial Park Electronic Manufacturing Cluster (EMG) - II, Tirupati.
The facility spreading across more than two lakh square feet., will be the assembling and manufacturing centre for some of the High-end Servers and Storage Products. Exatron plans to invest INR 360 crores over the next five years. It will commence construction of the facility by early March 2019.
Voltas Limited is a premier air conditioning and engineering solutions provider. It will invest Rs.653 crores and provide employment opportunities to 1680 persons at EMC-2.
Electronics and IT Enable Services, Precision Engineering Products, SPM’s and Sheet Metal Fabrication Industry Teja is also coming up with Rs.7.01 crores investment and to employ 275 persons.
Another company RR Tech Path has developed IT based services for Real Estate services and was operational in AP and Hyderabad.
It will manufacture Solar LED Lanterns at Tirupati unit with an investment of Rs.2.57 crores and 50 persons are to get job opportunities.
Arete IT Services Pvt Ltd is going to invest Rs.6.2 crore and to provide jobs to 100 persons. Sri Kamakshi Systems Pvt Ltd will invest Rs.8.81 crore and offer 150 jobs.