AP Govt. Approves Rs 8,719 Crore Manufacturing Projects in Tirupati District
1 month, 2 weeks ago

AP Govt. Approves Rs 8,719 Crore Manufacturing Projects in Tirupati District

Deccan Chronicle  

Tirupati: The Andhra Pradesh government has approved two major manufacturing projects to bolster industrial development in Tirupati district. Government Orders were issued on Tuesday for the establishment of a Rs 3,718 crore unit of the Philips Carbon Black Ltd in the Naidupeta MP Special Economic Zone and a Rs 5,001 crore plant of the LG Electronics Pvt Ltd in Sri City. The LG Electronics facility, spanning 247 acres in Sri City, will manufacture refrigerators, air conditioners and washing machines, along with key components like compressors and heat exchangers. Other incentives include a 100 per cent water consumption subsidy, waivers on stamp duty and registration fees, and a skilling subsidy of Rs 6,000 per worker per month for five years.

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LG plans to set up manufacturing unit at Andhra, fears competition from parent entity
1 month ago

LG plans to set up manufacturing unit at Andhra, fears competition from parent entity

Live Mint  

New Delhi, Dec 9 LG Electronics India has plans to set up a new plant in Andhra Pradesh to boost its manufacturing capacity in the country, though it also fears competition from its South Korean parent entity. The company is supported by its parent entity, LG Electronics for various aspects of its business, including product innovations, product design, technologies for …

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue
1 month ago

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue

ABP News  

LG Electronics India on Friday submitted the draft papers for the maiden offer. The domestic wing of the South Korean major LG Electronics Inc filed the draft red herring prospectus for the initial public offering and industry sources stated that the issue size is likely to be more than Rs 15,000 crore. The firm in its draft papers noted, “Our …

Mega industrial hub to come up near Ramayapatnam Port for economic growth
2 months ago

Mega industrial hub to come up near Ramayapatnam Port for economic growth

New Indian Express  

NELLORE: In a bid to accelerate industrial growth and attract international investments, the State government has launched plans to establish a Mega Industrial Hub near the Ramayapatnam Port in Nellore district. With the port’s construction already 80% complete, officials are eyeing opportunities to spur economic development by aligning it with large-scale industrial projects in the region. The government aims to …

After Apple Factory, Karnataka to Get Electronics Manufacturing Cluster Worth Rs 180Cr Ahead of Polls
1 year, 9 months ago

After Apple Factory, Karnataka to Get Electronics Manufacturing Cluster Worth Rs 180Cr Ahead of Polls

News 18  

The central government has approved the setting up of the Electronics Manufacturing Cluster, worth about Rs 180 crore, in Karnataka’s Dharwad district ahead of the state’s assembly election. This will be established in the Kotur-Belur Industrial Area, which was proposed last year to support medium and small-scale industries, and under the Modified Electronics Manufacturing Clusters Scheme. As of now, three …

Weighed down by infra bottlenecks
1 year, 10 months ago

Weighed down by infra bottlenecks

The Hindu  

The proximity to the metropolitan cities of Chennai and Bengaluru, the presence of an international airport and the Krishnapatnam seaport render the newly-carved Tirupati district an impressive potential for industrial growth. Sri City, which forms the epicentre of the Chennai-Tirupati-Nellore tri-city junction, has been recognised as one of the ten key manufacturing regions in India with a high potential to …

Andhra Pradesh: Investment destination calling
1 year, 11 months ago

Andhra Pradesh: Investment destination calling

The Hindu  

February 03, 2023 07:57 am | Updated 07:57 am IST - VIJAYAWADA As Andhra Pradesh reaches the new normal after being in the grip of the COVID-19 pandemic for close to three years and green shoots began to appear in the economy, the State government seems to lay renewed thrust on the development of industrial and infrastructure sectors which have …

Lands allotted to four new industries in Tirupati
2 years, 1 month ago

Lands allotted to four new industries in Tirupati

Deccan Chronicle  

TIRUPATI: As part of encouraging upcoming industrialists, District Revenue Officer Srinivasa Rao said lands have been allotted to four new industries in the district from the land bank of the AP Industrial Infrastructure Corporation Ltd. and Rs 1.47 crore has been sanctioned to 32 industries as per the instructions of the inspection and monitoring committee. Chairing the meeting of the …

8000 jobs coming to AP, thanks to TCL's first industry park in India
6 years ago

8000 jobs coming to AP, thanks to TCL's first industry park in India

India Today  

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday laid the foundation stone for electronics giant TCL's first industry park in India. Another 'Silicon City' Moreover, Chandrababu Naidu also announced that the region near Tirupati where TCL TV Global is coming up along with several other electronics manufacturing companies will be named as 'Silicon City.' About the industry park: TCL, …

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