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NTPC-BHEL Power plant equipment at Srikalahasti
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NTPC-BHEL Power plant equipment at Srikalahasti
Joint venture to provide 6,000 jobs

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Before assuming charge, he was executive director of NTPC of Northern Region.

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NTPC-BHEL Power plant equipment at Srikalahasti

Joint venture to provide 6,000 jobs

A Rs.6,000 crore project to manufacture power plant equipment will be established near Srikalahasti in Chittoor district as a joint venture of two public sector giants, NTPC and BHEL. This will be the highest public sector investment in a project in the State after Visakhapatnam Steel Plant and it will provide jobs to nearly 6,000 persons directly and to 35,000 indirectly.

Major Industries Minister, Kanna Lakshminarayana on Monday after assuming office signed a file requiring the Revenue authorities to hand over 750 acres of land for the project at Mannavaram village. He signed another file enhancing the upper limit for loans which can be granted by district Industries centres towards small scale units from Rs.1 crore to Rs.5 crore. Alexandria, a bio-technology major, had come forward to establish a Rs.1,000 crore plug and play lab space and Lonza and R&D and bio pharmaceutical unit, both with an investment of Rs.750 crores at Genome Valley near Hyderabad.

State of art logistic hubs would be set up at Hyderabad and Visakhapatnam under PPP model, a second CFS facility at Mamidipalli in Rangareddy District again near Hyderabad, air cargo facilities at airports like Tirupati and logistics manufacturing facilities at Kadapa, Vijayawada, Guntur and Nellore.

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