A consortium of public sector majors Bharat Heavy Electricals (BHEL) and Bharat Electronics ( BEL )), has decided to invest Rs 2,000 crore to set up a solar photovoltaic modules production unit near Hyderabad.
``We have allotted 90 acres of land in Fab city for the proposed project. Besides, Bharat Dynamics Ltd (BDL) has also proposed six units including a missile unit in Ranga Reddy district with a cumulative investment of Rs 3,000 crore,'' said BR Meena, vice-chairman & managing director of Andhra Pradesh Industrial Infrastructure Corporation (APPIC).
The new investment through the PSU joint venture is expected to help the state to revive its 1040-acre Fab city project near Hyderabad.
In 2006, Andhra Pradesh could pip Karnataka and Tamil Nadu to get the Fab city project. Originally conceived as a semiconductor manufacturing hub, Fab city never took off as planned by the Centre and the state. This prompted the state to position it as as solar investment hub.
more at:
http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/bhel-and-bel-consortium-to-invest-rs-2000-crore-in-ap/articleshow/8965655.cms
Thursday, June 23, 2011
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