Flextronics to set up manufacturing facility in Andhra
The state government on Tuesday signed an MoU with Flextronics Technologies (India) Pvt. Ltd. the Indian subsidiary of Flex the sketch-to-scale solutions provider.
According to state Information Technology and Electronics Minister Nara Lokesh Flex will set up a greenfield manufacturing facility at Sri City near Tirupati with an investment of Rs 585 crore. The facility is expected to create 6 600 jobs.
The officials signed the MoU in the presence of Chief Minister N. Chandrababu Naidu and Flex s President of Global Operations and Components Francois Barbier.
Lokesh described it as another mega investment and a historic moment in the state s pursuit to become the electronics hub of India.
With over 200 000 employees in 30 countries Flex designs and builds intelligent products for a connected world.
--IANS ms/vd