The government of Andhra Pradesh is stepping up efforts to attract SK Hynix, one of the world’s leading memory chipmakers, to establish a facility in India. According to The Deccan Chronicle, state officials have offered SK Hynix a package of incentives that includes large tracts of industrial land, streamlined approvals, and access to ports and airports, in hopes of positioning the state as a hub for advanced semiconductor manufacturing in eastern India. Senior state ministers B. C. Janardhan Reddy and P. Narayana reportedly presented the proposal to the Korean chipmaker during investment talks.
Indian state courts SK Hynix with investment proposal amid global expansion plans
06
Oct