Andhra Pradesh has secured another marquee investment, with Syrma SGS, one of India’s leading electronics manufacturers, announcing plans to establish the country’s largest multi-layer printed circuit board (PCB) manufacturing facility near Naidupeta in Tirupati district. The company will invest ₹1,595 crore in the project, which is expected to create 2,170 high-skill jobs for local youth.
Announcing the development on X, HRD Minister Nara Lokesh said the investment reflects global confidence in Andhra Pradesh’s business-friendly environment and skilled workforce. “This is not just an investment; it’s a vote of confidence in our people. We are translating the ‘Speed of Doing Business’ into action by providing ready, tailor-made solutions for land, water, and power so industries can move fast,” he said.
Mr. Lokesh highlighted that Andhra Pradesh’s combination of skilled manpower, robust infrastructure, and proximity to ports makes it the first choice for advanced manufacturing in India. “We don’t just promise ease; we deliver speed,” he added.
Recalling Syrma SGS Managing Director J. S. Gujral’s remark, Mr. Lokesh said, “We needed speed, we chose Andhra Pradesh,” underscoring the State’s efficiency in enabling rapid industrial execution.
The new facility, he said, will significantly help reduce India’s electronics import bill — currently around $70 billion annually — and strengthen backward integration within the domestic electronics ecosystem.
In another post, looking ahead to the upcoming CII Partnership Summit 2025, Mr. Lokesh said preparations in Visakhapatnam are in full swing. “Vizag is getting ready to welcome the world. From upgraded roads to coastal beautification, the City of Destiny is being transformed ahead of the Summit. I’m proud to showcase the new look of a city ready for global investments and lasting impressions,” the Minister added.
Published – November 11, 2025 06:00 pm IST
