AP will soon get industrial park and thermal power plant

Hyderabad: A consortium lead by Videocon Industries Ltd has come up with a proposal to set up a multi-product industrial park and a 1,320-MW thermal power plant in the West Godavari District of Andhra Pradesh.

Apart from Videocon, the other two promoters of the special purpose vehicle – Yeswanth Industrial Infrastructure Projects Private Ltd are Mr Ramesh Babu Potluri, CMD of SMS Pharmaceuticals Ltd, and Mr T. Srinivasa Rao, Chairman of WhiteField Paper Mills Ltd.

“We have sought 5,000 acres in Perupalem Village of West Godavari District and the total investment envisaged is Rs 7,600 crore,” Mr Venugopal N. Dhoot, CMD of Videocon Industries, told newspersons after meeting the Chief Minister, Dr Y.S. Rajeshekara Reddy, here on Wednesday.

Semi-conductor unit:


He also said that the Chief Minister has invited Videocon to set up a semi-conductor unit in the proposed Fabcity on the outskirts of Hyderabad.

Caparo Ground-breaking Ceremony :

Dr Reddy also announced the ground-breaking ceremony of Caparo Group, promoted by Lord Swraj Paul, for a luxury bus body building unit in Naidupet in Nellore will take place on Thursday. The Group has tied up with Hyundai Motor Company of South Korea for the facility.

“The Group has been allotted 2,000 acres for setting up the industrial park.

“Apart from our own facility, there will be couple of more units in the industrial park,” said the Chief Executive, Caparo Group, Mr Angad Paul.

He added that the Group later plans to even manufacture components required for aircraft and also railway carriages in the same area.