Two major Indian heavy weights, Ashok Leyland and Wipro have expressed their plans for investing big in Andhra Pradesh in talks with Chandrababu Naidu. This is definitely good news.
Andhra Pradesh is in news headlines these days and most of it is good news. In a latest development, the state has secured the interest of two power houses in India i.e Ashok Leyland and Wipro who seek to create ambitious projects by investing in the state. The plans of the two are different and both sound good for the long run in Andhra Pradesh. Wipro is planning on investing 350 crores INR in setting up an FMCG unit in Andhra Pradesh. The meeting with CM Chandrababu Naidu has already happened at Interim Government Complex in Velagapudi. The keen interest of the company Wipro has been expressed by none other than their CFO, Raghav Swaminathan. Always one to gear up the facilities for development, the CM has promised allocation of 40 acres for supporting the investing party. The details are already under discussion.
Ashok Leyland too has major plans and this includes setting up a bus plant in Malavalli Industrial park in Krishna district. CM Chandrababu Naidu has already met the CEO and MD, Vinod K Dasari. The plant is to be spread over 75 acres with a capability of rolling out 4,800 buses annually. This requires heavy investing. Employment opportunities to the tune of 5000 numbers engaged directly and indirectly will be generated through this.
The facility from Ashok Leyland is being planned in an eco-friendly format with solar panels, LED lighting etc. The best news is that the plans are looking at just a years timeline.