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News:

Three of India's top home-bred mobile handset makers have agreed to invest a total of Rs 750 crore in setting up manufacturing facilities at the hardware hub being developed by the Andhra Pradesh government near temple town Tirupati. 

Source: ET

SNP Insight: 

Setting up of mobile manufacturing facilities in the state of Andhra Pradesh is a welcome move for the state which has succeeded to be an IT hub to become a manufacturing hub as well. The state level incentives  can definitely help in reducing the manufacturing cost for the companies. However the need emerges for support from the Central government to lower compilance costs to boost the investors confidence. Also other states can learn and implement same measures to attract poetntial investors and contribute for Make in India Intiative.

Source: SNP Infra Research