APP To Set Up India’s Largest Paper Plant In Andhra Pradesh
The state government is working hard to develop Andhra Pradesh, which is losing partition. With the initiative of CM Chandrababu, the ‘Kia’ car industry has started production in Anantapur district. Many foreign industries have their units set up in the Shri Citi SEZ in Chittoor district. Another big industry is going to be set up in Andhra Pradesh. Indonesia’s Asian Pulse and Paper Mills (APP) has come forward to set up a large paper mill with a cost of Rs 24,000 crore in the District. Chief Minister Chandrababu Naidu will be laying the foundation stone for Ramayapatnam port along with the paper mill.
Asia Pulse and Paper Mills (APP) will invest Rs 24,000 crore in the paper industry in two stages. This is the largest foreign direct investment (FDI) in the country. The company is now emerging as the 10th largest paper pulp and paper manufacturing industry in the nation’s largest ITC paper mills. With the establishment of this industry directly, 15,000 people will get employment … 60,000 Subabul and Eucalyptus farmers from Prakasam, Kurnool, Nellore and Srikakulam districts will benefit. APP Mills offers the best strings of crops for farmers.