Tuesday 16 September 2014
Hero Motocorp to Setup its Manufacturing Plant in Chittoor district, Andhra Pradesh.
Hero Motocorp to setup Production Plant in Andhra Pradesh |
Hero MotoCorp will set up its 6th two-wheeler manufacturing plant in the country at 'Sri City SEZ' in Chittoor district of Andhra Pradesh. The plant will produce 1.8 million vehicles annually, it provides direct employment to around 6,000 persons. The unit will also create indirect employment for another 3,000 persons, the sources added.
Hero Motocorp has informed that the Company on Sept 16, 2014 has entered into a Memorandum of Understanding (MOU) with the State Government of Andhra Pradesh to set-up a 2-wheeler manufacturing plant in Chittoor district of Andhra Pradesh with an investment of Rs 1600 crore approx.
Manufacturing Plant provides 6,000 direct employments followed by approx 3,000 indirect |
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