BWI: Andhra CM inaugurates 50 plus companies in Sri City, Foresees 1 Lakh Jobs by 2014, Stresses on Skill development for Economic Growth

Press release from Business Wire India
Source: Sri City Pvt Ltd
Saturday, November 05, 2011 12:06 PM IST (06:36 AM GMT)
Editors: General: Consumer interest, Economy; Business: Accounting & management consultancy services, Business services, Construction, Real estate
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Andhra CM inaugurates 50 plus companies in Sri City, Foresees 1 Lakh Jobs by 2014, Stresses on Skill development for Economic Growth


Tada, Andhra Pradesh, India, Saturday, November 05, 2011 -- (Business Wire India) -- The Hon'ble Chief Minister of Andhra Pradesh Sri NallariKiran Kumar Reddy inaugurated Sri City- South India's largest private sector owned multi-product Special Economic Zone (SEZ) - on the 4th of November 2011 in Tada (55 kms away from Chennai).

The ground breaking of 10 unitswas performed byThe Hon'ble Chief Minister who also dedicated20 operational units, 13 units under construction and 10 Sri City projects.

International and Indian companies such as HunterDouglas, Unicharm, NHK Spring, Aisan, Kusakabe, EagleBurgmann, Tattva Energy and Mohan Mutha witnessed the ground breaking ceremony. The companies are from diverse businesses such as Auto Components, Building materials and Light manufacturing. Premier educational institutions IFMR and CBS were amongst them.

From Japanese conglomerates such as Kobelco Construction and Kobelco Cranes, Italy's VRV Group &Lavazza, Thailand's Rockworth - Al Reyami, US based Control Components Inc. and Bahrain based BFG to name just a few were also dedicated at Sri City today.

The Chief Minister was along with the Finance Minister Sri. AnamRamanarayana Reddy, Revenue Minister Sri Raghuveera Reddy, Industries Minister Smt. Geetha Reddy, and Mines and Geology Minister Smt. ArunaKumariGalla at the inauguration.

"Sri City has a great advantage due to its close proximity to 2 international airports, 3 sea ports, rail and road connectivity. Due to this, Sri City is going to take the best of both the states and grow to a greater extent by providing employment opportunities to over a lakh of people in and around Sri City in the coming years," said The Hon'ble Chief Minister of Andhra Pradesh.

"I have great pleasure to state that with Sri City growing in the coming years, many establishments such as Hospitals, Educational institutions, Job opportunities, betterment of living standards, training for industry readiness etc are the benefits the locals in and around Sri City will enjoy. The government will provide all the support for ensuring the upliftment of the region and the state through Special Economic Zones" he said.

The Chief Minister had also released a book on "Sri City - A Social Perspective" highlighting the growth of Sri City and the social empowerment to the villagers in and around Sri City.

"On 08.08.2008 we had the great privilege of the Late Chief Minister of Andhra Pradesh Dr. Y.S. Rajashekara Reddy, performing the ground breaking at Sri Cityand I am happy to inform you that the first 10 units for which he did ground breaking are fully operational in Sri City today", said Mr. Ravindra Sannareddy, MD, Sri City.

"Today,I am proud to announce that Sri City is already home to 57 leading international and domestic companies. These companies are from 17 countries, across 6 continents, and represent diverse industries like automotive, locomotives, electronics, engineering, pharmaceuticals, warehousing, food processing etc.," he said.

"As on date, 20 companies are operational in Sri City, providing employment for over 5000 people and with an investment of Rs.1200 Crores. With the 13 more companies that are under construction, 10 companies that witnessedground breaking and other companies that have signed agreements, additional investment of Rs. 1300 Crores, employments for more than 6,000 people will be generated. The estimated employment potential in the next 3 years is over 50,000," he added.

"Eventually, Sri City will lead to the generation of close to 1lakh jobs, and we continue to take efforts to seamlessly develop and integrate the skill set of the local populace to suit the needs of the industries'" he further added.

To view the photograph, please click on the link given below:

Smt. Aruna Kumari Galla, Hon'ble Minister for Mines & Geology, GoAP, Smt. Geetha Reddy, Hon'ble Minister for Major Industries, Sugar, Commerce & Export Promotion, GoAP, Sri. Ravindra Sannareddy, MD, Sri City (P) Ltd., Sri. Nallari Kiran Kumar Reddy, The Honourable Chief Minister of Andhra Pradesh, GoAP, Sri. Anam Ramanarayana Reddy, Hon'ble Minister for Finance, Planning, Small Savings, State Lotteries, GoAP
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Sri City.JPG
Sri City.JPG


CONTACT DETAILS
Mr. Pushpendra Shukla, Head - Corporate Communications, Sri City Pvt Ltd, +91 9677127824, shukla@sricity.in

KEYWORDS
CONSUMER, ECONOMY, CONSULTANCY SERVICES, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE

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