CHITTOOR:Giving impetus to manufacturing in Andhra Pradesh, chief minister N Chandrababu Naidu inaugurated the 500-acre Amara Raja Growth Corridor (ARGC) here on Thursday.
The facility set up on the Bengaluru-Chennai-Krishnapatnam industrial corridor is likely to attract Rs 4,500 crore investment and create 20,000 jobs over the next 3-5 years.
The country’s second largest batteries producer Amara Raja Batteries, through one of its sister companies Mangal Industries Ltd, has already committed Rs 200 crore investment and 800 jobs to set up a 10,000 mt plastics injection moulding facility at the ARGC. This 15-acre anchor unit was unveiled by Naidu on Thursday.
ARGC, will have exclusive industrial zones for storage battery units, electrical components, automotive batteries besides others and the company is in dialogue with domestic and international companies to start operations here.
“Investors are asking for land only in Tirupati, Nellore and at the new capital Amaravati. This (ARGC) facility in Nunegundlapalle village goes on to show that quality will attract multi-nationals to villages,” Naidu said adding that facilities encouraging manufacturing such as Sri City SEZ, availability of seaports, international airports and broad-gauge rail line will help AP evolve on the global manufacturing map. “AP will emerge as the logistics hub and gateway for India due to port connectivity that helps companies to export,” he said adding that the state will evolve as one of the top three destinations in the country by 2022.