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Japanese Firm to Invest in Andhra

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Andhra Pradesh Chief Minister N. Chandra Babu Naidu

Toray Industries Inc, a Japanese multinational corporation, will invest Rs 1,000 crore for the manufacture of technical textiles in Andhra Pradesh….reports Asian Lite News

Andhra Pradesh Chief Minister N. Chandra Babu Naidu

Chief Minister N. Chandrababu Naidu approved the project, which will come up in Sri City, a special economic zone in Chittoor district.

The plant will be the largest among Japanese units in Sri City.

The project, the foundation stone for which will be laid next year, will provide direct employment to more than 100 people and indirect employment to 300-400 people.