Bhumi Puja performed for battery plant at Punganur

Rajampet Member of Parliament P.V. Midhun Reddy has mentioned that industrial growth is the best way ahead to make sure growth within the drought-prone and backward areas.

The MP, accompanied by Minister for Panchayati Raj and Rural Development Peddireddi Ramachandra Reddy, performed the ‘Bhumi Puja’ for a battery manufacturing plant being arrange by the Zixin Energy Private Limited at Punganur on Thursday.

He defined how the backward western constituency, whihc was devoid of water sources, remained uncared for previously and the way it began witnessing growth by means of industrialisation. Mr. Midhun Reddy, who performed a key position in bringing the unit, appreciated the corporate which had promised to supply 700 jobs to the native folks.

The firm, which has an LPG cylinder manufacturing and scorching restore facility at G.Kondur in Krishna district, is increasing its footprint with this plant with an annual manufacturing capability of seven.2 lakh items proposed at Punganur. The completed items are supposed to be provided to PSU oil corporations similar to Indian Oil, Bharat Petroleum and Hindustan Petroleum, other than non-public gamers similar to Total Gas, Super GasMVR Gas and Malabar Gas.

APIIC gives land

“The unit is being set up at an outlay of ₹57 crore,” mentioned Zixin Managing Director Rahul Karanam, including that The the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has supplied 22.74 acres of land for the undertaking.

The group’s Futurelite Batteries has commenced its Lithium ion R&D (pilot line) facility and the merchandise are supposed to be provided to the Union Ministry of Defence in addition to utilized in industrial purposes similar to three-wheeler and vitality storage purposes.

Member of Parliament (Chittoor) N. Reddeppa, Madanapalle MLA Nawaz Basha, Chittoor Collector M. Hari Narayanan, Sub-Collector (Madanapalle) M. Jahnavi and others took half within the programme.