Business Daily from THE HINDU group of publications
Thursday, Jun 19, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jun 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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Overseas Investments States - Andhra Pradesh Japanese co plans two projects in AP Our Bureau Hyderabad, June 18 Japan-based ITOCHU Corporation, having subsidiaries and associates in the fields of textiles, machinery, aerospace, metals and minerals etc., has evinced interest to set up two projects in Andhra Pradesh. According to officials in the Industries Department, the company approached the State to set up a component manufacturing and engineering unit for power plants and a chemical plant in the State. “The company has sought land in Nellore for the engineering unit and plans to establish the chemical plant in the proposed Petroleum Chemical and Petrochemical Investment Regions which is coming up at Kakinada,” a Government official told Business Line. A four-member delegation from the corporation met the Chief Minister, Dr Y.S. Rajasekhar Reddy, on Monday to look at business opportunities in the State. The delegation was led by the Managing Executive Officer of ITOCHU, Mr Yoshio Akamatsu. More Stories on : Overseas Investments | Foreign Direct Investment | Andhra Pradesh
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