News/City Updates

Wipro, Ashok Leyland in talks with Chandrababu Naidu for investments in Andhra Pradesh

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.

Share
Leave a Comment

Recent Posts

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

13 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

14 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

14 hours ago

Bigg Boss 8 Telugu: Voting polls drastically change, THIS celeb is in danger!

Based on the unofficial voting polls, two contestants are leading— Yashmi and Prerana. In many…

16 hours ago

Kings to revolutionaries: 7 period Telugu films on OTT that deserve all the love!

Movies have been a powerful medium of expressing the complicated and important events of history.…

17 hours ago

We aim at generating five lakh IT jobs in five years: Lokesh

Andhra Pradesh State IT and HRD Minister Nara Lokesh has said the government aims to…

20 hours ago