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Business Standard
2 days ago
- Business
- Business Standard
Greenlam to invest ₹1,147 crore in Andhra for South's largest laminate unit
New facility in Naidupeta to produce 7 million laminate sheets annually; AP to provide over Rs 329 crore in subsidies under Industrial Development Policy 2024-29 Shine Jacob Chennai Listen to This Article Greenlam Industries Ltd, one of the largest players in the organised laminate business, will set up South India's largest laminate facility with an investment of around ₹1,147 crore at Naidupeta in Andhra Pradesh, said a government source aware of the development. The high-pressure laminate and particle board manufacturing facility will have an annual production capacity of 7 million sheets of high-pressure laminate and 290,000 cubic metres of wood-based particle board sheets. According to the source, the state government will provide incentives worth around Rs 329 crore, accounting for more than 30 per cent of the project's capital cost. 'Greenlam is
Hans India
24-05-2025
- Business
- Hans India
Collector pushes for investor-friendly environment to boost industries
Anantapur: District Collector Dr Vinod Kumar directed officials to create a conducive and investor-friendly environment to attract and promote industrial development in the district. Chairing the District Industries and Export Promotion Committee (DIEPC) meeting at the Collectorate on Friday, the Collector instructed departments to provide swift approvals for setting up industries. He emphasized the need for single-desk portal facilitation to provide all necessary permissions quickly and support entrepreneurs. The meeting approved a subsidy of Rs. 62.86 lakh for 21 units under the Industrial Development Policy. Officials were also instructed to process pending applications promptly through the Single Window Portal. The Collector called for expediting loans under the PMEGP and Stand-Up India schemes, ensuring no delays. Under the Vishwakarma scheme, eligible applicants should be identified and provided with training and financial support. He also encouraged SHGs and farmers to explore opportunities in banana fiber products such as bags and hats and raise awareness of loan schemes related to this. Additionally, 13 services related to the Industries Department have been integrated into the Mana Mitra WhatsApp service via APIIC, and public awareness initiatives on this are to be undertaken. The Collector extended his gratitude to Chief Minister Nara Chandrababu Naidu and Minister Nara Lokesh for facilitating the establishment of renewable integrated complexes and Harit Amrit industries in the district.
