Hightech Electronic City to come up in Anantapur

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HYDERABAD: Lepakshi Knowledge Hub on Friday entered into a joint venture with the $3.4 billion GEM and Vittal Innovation City to ..

HYDERABAD: Lepakshi Knowledge Hub on Friday entered into a joint venture with the $3.4 billion GEM and Vittal Innovation City to develop a 2,650acre HiTech Electronic City in Anantapur district.
The LKH is spread over 10,000 acres and the proposed HiTech Electronic City is expected to attract investments of more than Rs 11,000 crore besides creating employment for over 75,000 people in the next five to ten years. While the Genevabased Global Emerging Markets (GEM) will pool investments required for the project, Vittal Innovation City led by N Vittal, former secretary in the Union ministry of electronics and telecommunications, will prepare a concept master plan and develop the project along with LKH.

An MoU was signed between the Government of Andhra Pradesh and the joint venture partners in this regard at the twoday CII Partnership Summit here on Friday.

Tthe upcoming electronic city will have several industry clusters including aerospace and defence, education and innovation, agri business, healthcare, science and technology, fashion and textiles, media and entertainment and logistics. "These clusters are in different stages of progress and will be ready as per the project plan in the next five to ten years," he explained.

The proposed initiative will be positioned into a special category for electronics, corroborated by the recent report of the central government's department of information technology (DIT), stressing the need for creating electronics clusters in India for national competitiveness in this area.