Fourth Generation Technology Park In Amarvati
New Delhi: Malaysian Industry-Government Group for High Technology (MIGHT) entered an MOU with the Andhra Pradesh Economic Development Board (APEDB) to set up a fourth Generation Technology Park in Amaravati.
Malaysian Prime Minister Mohd Najib Bin Tun Hazi Abdul Razak and Indian Prime Minister Narendra Modi exchanged MOU on this technology Park which will cover an initial area of 250 acres.
This will focus on clean technology, Bio Technology, Robotics, Big Data and Additive Manufacturing. This park is expected to attract investments of around 650 crores in first phase which include a biodegradable Industry Cluster in an area of 100 acres. This will help in producing biodegradable packaging for food and electronic industries which will be provided by Malaysian company-Free The Seed Sdn Bhd.