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Andhra CM lays foundation stone for tyre manufacturing unit

Press Trust of India  |  Amaravati 

N today laid the foundation stone for a manufacturing unit of at Chinapanduru village in district.

Apollo will invest a sum of Rs 5,000 crore on setting up the plant, including Rs 1,800 crore in the first phase, the announced on the occasion.

This would be Apollo's fifth in the country, he said, adding it would provide direct employment to 700 people.

A large number of indirect jobs would also be created, added.

"We are committed to attract industrial into the state. For this we are ready to provide efficient leadership. Focus on industrial growth will lead to growth of services sector as well," the said.

He said steps were afoot to make an automobile hub.

A said the state allotted 260 acres for the

N Amarnath Reddy, Information Technology Minister N Lokesh, Solomon Arokia Raj and other senior officials attended the event.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 18:45 IST