Hyderabad offers a conducive ecosystem for the semiconductor (chip manufacturing) and allied industries, said Minister for IT and Industries Duddilla Sridhar Babu.
On Monday, during a meeting with representatives of the PTW Group’s Asia division, the Minister highlighted the city’s strategic advantages for establishing semiconductor-related operations.
The PTW Group, which specialises in tools, components, refurbishment, automation, and equipment supply for the semiconductor industry, currently has its regional headquarters in Singapore.
Sridhar Babu assured the delegation that the Telangana government is ready to provide incentives and subsidies under its policies to facilitate their setup in the region.
“Hyderabad boasts a skilled talent pool essential for semiconductor manufacturing. There is no shortage of expertise here,” the Minister remarked. He welcomed the company to submit concrete proposals, reiterating the state’s commitment to supporting their venture.
The Minister also emphasised the government’s focus on creating a semiconductor cluster in Hyderabad to attract more investments in this critical sector.
Speaking about their plans, Torsten Seifried, Managing Director of PTW Asia, stated that the company is prepared to invest Rs.1,000 crore in the first phase of setting up a production facility. This initiative would be a significant step in strengthening India’s semiconductor manufacturing capabilities, he said.
The meeting also included discussions with the company’s local partner, Vidyasagar Reddy, Managing Director of Bartronics, and Rao Panidapu, CEO of Singapore-based consulting firm Top2