Overview
- Nara Lokesh led an investment outreach in Seoul this week and on Wednesday opened APEX Korea, a permanent Andhra Pradesh investment facilitation centre in Busan to support follow‑up and aftercare for Korean investors.
- APACT has an India Semiconductor Mission‑approved ₹468 crore OSAT project in Visakhapatnam that officials say will start construction soon and aim to make about 96 million devices a year.
- SOLUM’s ₹338 crore Sri City unit and LG’s ₹5,000 crore Sri City plant were described as progressing toward completion while several other proposals remain at the study stage.
- Major firms including Hyundai Mobis and Samsung were pitched on EV semiconductor hubs, EV components, display fabs and a full AI‑compute stack but told officials they will study Andhra Pradesh’s proposals before deciding.
- The state is pairing investment offers with startup and skills plans through the Ratan Tata Innovation Hub, targeting 20,000 startups and 100,000 jobs, and linking projects to wider infrastructure demand such as the proposed Kovvada power complex and Amaravati AI cluster.