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MoU for ceramic unit in East Godavari signed

Our Regional Bureau  |  Hyderabad 

RAK Ceramics, a major ceramic tiles manufacturing group based in Ras Al-Khaima in the UAE, will soon begin construction works on a state-of-the-art ceramic tiles plant, with an initial investment of Rs 135 crore, near Kakinada in East Godavari district.
The MoU between the promoters and the state government regarding land allotment for the proposed project was signed during the third Partnership Summit which began here on Thursday.
The plant, with a production capacity of 20,000 cubic meters of tiles per day, has designed such a way that the production capacity can be doubled in a year or two.
According to Khater Massad, the chief executive officer of the company, the plant would produce only big sized tiles to cater to upper segments.
"We are not in for competition with the Indian manufacturers," he said shortly after the signing on MoU. The construction work of the project would commence in the first week of March, he said.
Saud bin Saqr Al Qasimi, the crown prince of Ras Al-Khaima of UAE, who owns the RAK Ceramic group, and N Chandrababu Naidu, the chief minister of Andhra Pradesh, were present at the signing ceremony.
Samir Sarma, the commissioner of industries, signed the MoU on behalf of the state government, while Khater Massad signed on behalf of the company.
The government is providing 100 acres of land in Peddapuram industrial development authority(IDA)for the first phase of the project.

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First Published: Thu, January 08 2004. 00:00 IST