Chief Minister N. Chandrababu Naidu will lay the foundation for a manufacturing unit of the Arvind Mills at Kuppam next month. It is going to be the Ahmedabad-based company’s first plant outside Gujarat in which ₹700 crore is being invested by the Lalbhai Group, according to an official release.
Arvind Mills’ unit coming up in the Chief Minister’s constituency is planned to produce 24 million garments per year and provide direct employment to about 9,300 persons. It is expected to become operational in February 2020.
Another major proposal cleared by the government is that of THK, a leading Japanese manufacturer of linear motion equipment, for the establishment of its unit at Sri City in Chittoor district with an outlay of ₹800 crore. It is set to give a fillip to the machine tool industry in India by providing components having better precision, robustness, speed and energy efficiency.
The International Flavours and Fragrances India Pvt. Ltd. has come forward to set up its unit at a cost of ₹525 crore.
Doowon Climate Control India Pvt. Ltd. and Dong Ah Hwa Sung Co. Ltd. have committed to ancillary catering to KIA Motors in Anantapur district.
Saint Gobain has offered to invest ₹2000 crore for plasterboard, gypsum and glass manufacturing with an annual capacity of 11 lakh metric tonnes at Achutapuram in Visakhapatnam district.
