Hyderabad; Ascribing Hyderabad as the semiconductor capital of the country, Chief Minister Y S Rajasekhar Reddy today invited the players of semiconductor industry to come and invest in the state.
“The initiatives being taken up by our government in providing the best infrastructure facilities, a pre-requisite for the industrial development, have made Andhra Pradesh, particularly, Hyderabad, an ideal place for the prospective expansion,” Reddy during his inaugural speech in Vision Summit, a two-day session by India Semiconductor Association here said.
Another chief guest of the session, West Bengal minister- in-charge for IT, Debesh Das said the the semiconductor industry in India is all poised to grow at around 11 per cent by 2015, from the present 1.8 %.
“However, it is not viable to depend on the imports. Thus ,we should develop indigenous production,” Das said.
Reddy claimed that Hyderabad is the only city in the country providing infrastructure facilities in areas of power, logistics and water at affordable price.
Besides this the 167-km Outer Ring Road project with eight-lane highway besides two-lane local highways, coming up in the city will fulfil the ‘impeccable´ road communication required for the industrial progress.
“International airport to be completed by April 2008 and Metro railway liners to be finished by 2008 would further make the city the best destination to the fast growing industries of semiconductors a fabrication,” Reddy added.
Regarding human resources, the state has been producing 90,000 engineers a year, the minister said.