Shree Cement Ltd will invest an estimated 7,000 INR-Crore to set up manufacturing plants in Andhra Pradesh.
The Bangur family-promoted company will establish cement plants in three districts: Kadapa, Anakapalli and Guntur. The proposal was mentioned on the sidelines of the Visakhapatnam CII Summit. The company has decided to invest in the state after taking note of the incentives offered by the coalition government. Additionally, the company recognizes the state’s investment-friendly environment.
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Moreover, Shree Cement’s investment plans in Andhra Pradesh account for the company’s satisfaction with the pace of land allotment for industrial projects. The process moved quickly, encouraging the investors to set up operations in the state. The industry is witnessing a fresh wave of capacity expansion as leading manufacturers are stepping up their investments to strengthen their production capabilities.
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