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Toray to invest Rs 1,000 cr in manufacturing unit at Sri City

Press Trust of India  |  Tirupati 

Industries Minister N Amaranatha today laid the foundation stone for a manufacturing unit of Toray Industries (India) Limited at SEZ near Satyavedu, about 95 km from here.

Speaking on the occasion, said the Japanese firm, a leading manufacturer in fibres and textiles, and carbon fibre material would invest about Rs 1,000 crore for the plant in 110 acres at Special Economic Zone, located on the Andhra Pradesh-Tamil Nadu border.

The plant would be ready for production by 2020, added.

CEO, and Andhra Pradesh Industries and Commerce Secretary, were among those present.

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

First Published: Wed, July 11 2018. 18:15 IST