Japanese
automotive major Isuzu will start manufacturing pick-up trucks at its facility
in Sri City in Andhra Pradesh from April 2016.
The company is setting
up the manufacturing unit with an initial investment of Rs 1,500 crore. It
is expected to provide nearly 1,500 to 2000 jobs to locals.
A delegation led by
Isuzu India managing director met the state chief minister, N
Chandrababu Naidu, on Monday to update him on the progress of the production
facility.
Kikuchi was stated to
have informed the chief minister that nearly 75 suppliers were keen to invest
in the state. "We will require the government to drive ancillary
industries too," he told Naidu.
Replying to the
suggestion, the chief minister, according to an official press release, said
the state government would come up with a policy for ancillary industries in
the next Cabinet meeting. The state would also identify clusters within Sri
City and in other areas where ancillary industries could be set up.
The chief minister also
told the delegation that he wanted to make Nellore-Chennai-Tirupati as the
automobile hub on the lines of Tokyo-Kawasaki-Yokohama in Japan.
Source: business-standard
