Japan firm unit in Nellore
“iSuzu to begin operations in Andhra Pradesh soon
You are all aware that I hold multiple reviews to follow-up on ongoing projects in the state. Today, I had a similar review with Japanese company iSuzu on the status of their manufacturing facility in Sri City.
I had to the opportunity to meet Isuzu India Managing Director Takashi Kikuchi today. This is our second meeting. The first happened when I visited Japan. Mr Kikuchi me that they will manufacture pick-up trucks at the facility and start operations by April 2016.
Isuzu set up a manufacturing facility in Sri City with an initial investment of Rs1,500 crore. The unit will provide jobs to nearly 1,500 to 2,000 locals. As promised earlier, Mr Kikuchi told me that this facility will attract ancillary industries (auto component makers and others) to invest in Andhra Pradesh. Nearly 75 supplies are keen on investing in our state.
I will be meeting with suppliers next month during the launch of our Investment Mission on April 24th.
I have assured Mr. Kikuchi that our state will have a separate policy for ancillary industries which will attract more investments to the state. We will table the policy in our next Cabinet meeting. Our government is also planning to identify clusters for ancillary industries which can become growth drivers of auto industry.
On the other hand, I have informed Mr Kikuchi that I intend to make Nellore-Chennai-Tirupati (trio) the automobile hub – on the lines of Tokyo-Kawasaki-Yokohama (trio) cities.
ISuzu is one such investment which has taken off. We have many more investments in pipeline. They will bring in revenue and spin the wheels of our economy. I will keep you updated on our investments as and when they materialize. I’m confident that these will become crucial revenue generators for our state and drive our economy.” Posted Chandrababu naidu on his Facebook page stating The Top Japan firm is going to develop their Sez in Nellor with 1500cr investment providing atleast 2000 jobs to the local people.ISuzu is the company which will provide they manufacturing facility in sricity with worth investment.