Four major units are coming up in Andhra Pradesh with an approximate investment of ?4,000 crore, generating nearly 20,000 jobs, according to a press release.
Chief Minister N Chandrababu Naidu, presiding over the State Investment Promotion Board meeting at the Secretariat in Amaravati, gave the green signal for setting up the units.
Arvind Mills unit
Arvind Mills is setting up a greenfield integrated textile plant for the first time outside Gujarat at Kuppam in Andhra Pradesh, with an investment of ?700 crore with a capacity to manufacture 24 million garments and 24 million fabric a year.
The textile plant will provide employment to 80 per cent of women with 9,300 direct jobs. Arvind Mills, producing denim jeans, is likely to start production in February 2020. The Chief Minister is likely to lay the foundation for the unit on December 13, when he attends MSME conclave at Tirupati.
THK, a leading Japanese manufacturer of linear motion equipment manufacturing company, will set up a manufacturing facility in Sri City, Chittoor district. The unit will provide a fillip to machine tool industry in India by providing components essential to increased precision, rigidity, speed and energy efficiency.
International Flavours and Fragrances India Pvt Ltd is ready to set up a flavours and fragrances unit at Chittoor at a cost of ?525 cr to provide employment to 450.
Doowon Climate Control India Pvt Ltd is ready to set up an ancillary unit of Kia motors at Anantapur with an investment of ?210 crore to provide employment to 350 people. Dong — A Hwasung India Pvt Ltd is also ready to set up an ancillary of Kia Motors at Anantapur with an investment of ?35 crore to provide employment to 71 people.
THK’s first plant in India will be located in Andhra Pradesh, providing employment to over 600 people with an investment of ?800 crore.
Saint Gobain investment
Saint Gobain will invest ?2,000 crore for plasterboard, gypsum and glass manufacturing with an annual capacity of 11 lakh metric tonnes at Atchuythapuram in Visakhapatnam district. The unit would employ 1300 workers and will build an ecosystem and funnels the entire value chain of gypsum and glass based products.
On the occasion, Chief Minister Chandrababu Naidu exhorted the State Investment Promotion Board officials to intensify their efforts to attract more number of industries to the State.
Minister for Industries N Amaranatha Reddy, Principal Secretary of Infrastructure and Investments Ajay Jain and others were present.