Nellore emerging as investment hub

• With the Centre identifying Krishnapatnam as one of the suitable places for petrochemicals, both the ONGC and IOC have shown interest to set up an LNG terminal there with an investment of Rs 2,000 crore.

• district administration had been acquiring lands for 4,000-mw coal-based, ultra-mega power plant, critical thermal project and leather park on war-footing.

• M A S Holdings of Sri Lanka would set up Rs. 1,000 crores textile mill at Naidupet. Southern Mills Association will set up 15 spinning mills with Rs. 1,500 crores.

• Singapore major Apache Investment Holdings Pvt. Ltd, will commence production in Mambattu of Tada mandal by December.

Source
Hindu