A Malaysian company MTN has agreed to help set up a technology park in Andhra Pradesh that’s expected to attract private sector investment of $100 million in the first phase.
The Andhra Pradesh Economic Development Board and MIGHT (Malaysian Industry-Government Group for High Technology) Technology Nurturing Sdn. Bhd (MTN) have signed a memorandum of understanding to collaborate on building the park, which will cover 250 acres and focus on new technologies.
The MoU was exchanged in New Delhi in the presence of Prime Minister Narendra Modi and Malaysia’s Prime Minister Najib Razak. Phase 1 will be spread over 100 acres to produce biodegradable packaging for the food and electronics industries.
Takeaways from above News-
- A Malaysian company MIGHT Technology Nurturing Sdn. Bhd (MTN) has agreed to help set up a technology park in Andhra Pradesh
- Full form of MIGHT is Malaysian Industry-Government Group for High Technology
- Malaysia’s Prime Minister is Mr. Najib Razak and its capital is Kuala Lumpur
If you have any other takeaways, do share with us in the comment section
Source- Economic Times