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Apollo to set up Rs 525-crore plant in Andhra Pradesh

Apollo to set up Rs 525-crore plant in Andhra Pradesh
12 November 2016 Current Affairs: Apollo tyres will invest Rs 525 crore to set up a manufacturing facility at Sri City, Andhra Pradesh, with a capacity to roll out 3 million tyres per month. 

The company, signed a memorandum of understanding with Andhra Pradesh government for the plant, said it would have ground breaking ceremony in January next year and the production would start .

This would be the fifth plant of Apollo Tyres which would be spread in 250 acres and would produce tyres for motorcycle, scooters and pickups. 

This would be like an FDI investment by one of our Singapore-based subsidiary company (Apollo Tyres Holdings (Singapore) PTE Ltd. 

Besides, Apollo group has plans to invest in other sectors like hospitals and logistics in the state.

The MoU between Apollo and the state government was signed in the presence of Andhra Pradesh CM N Chandrababu Naidu. 

Apollo Tyres has two plants in Kerala and one plant each in Tamil Nadu and Gujarat.The company has international manufacturing presence with one plant in the Netherlands and another facility being set up in Hungary.


December 2016 Current affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
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25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
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24 SEP
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August 2016 Current affairs
31 AUG
NEWS
30 AUG
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29 AUG
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27 AUG
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26 AUG
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25 AUG
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