HomeIndustry NewsSri City inks 6 MoUs worth Rs 500 crs

Sri City inks 6 MoUs worth Rs 500 crs

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Marking the inaugural visit of the state’s industries, Infrastructure, Investment & Commerce, Information Technology, and Handlooms & Textiles, Minister, Mr. Gudivada Amarnath six MoUs were entered into at Sri City.

The 6 MoUs signed were with companies, viz., NGC, TlL Healthcare (Expansion), Magnum, Evershine Moulders, Bombay Coated Special Steels and BVK Group.

As per an official release from Sri City, the cumulative proposed investment of all these companies is said to be around Rs.500 crore with an employment potential of 1500. 

Minister Lauds Sri City

Being his first visit to Sri City the Minister lauded the initiatives taken by Sri City management in developing such a large industrial park and creating large employment opportunities in a backward area.

“I am amazed to see an excellently planned industrial hub equipped with excellent infrastructure and investor-friendly ambiance here. I congratulate Dr. Ravindra Sannareddy for developing such a world-class business city” said Mr Amarnath.

While at the integrated business city, the Minister also inaugurated the newly commissioned production units of RSB Transmission and Adela Electricals in the presence of a host of dignitaries.

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