Japanese automotive major Isuzu will start manufacturing pick-up trucks at its facility in Sri City in Andhra Pradesh by April 2016.
A delegation led by Isuzu India managing director Takashi Kikuchi met Chief Minister N. Chandrababu Naidu here on Monday.
Isuzu has set up a manufacturing facility in Sri City in Nellore district with an initial investment of Rs.1,500 crore.
Kikuchi informed the chief minister that nearly 75 suppliers were keen to invest in Andhra Pradesh.
"We will require the government to drive ancillary industries too," the Isuzu executive said, according to a statement from the Chief Minister's Office.
Naidu told the delegation that his government - in the next cabinet meeting - will come up with a policy for ancillary industries.
The state will also identify clusters within Sri City and in other areas of the state for ancillary industries.
Naidu said he wants to make Nellore-Chennai-Tirupati the automobile hub on the lines of Tokyo-Kawasaki-Yokohama tri-cities.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app