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Ramky Group to establish industrial park in Andhra Pradesh

16 Jul 2012 Evaluate

Ramky Group is all set to establish a multiproduct industrial park in Nalgonda district of Andhra Pradesh with an investment of Rs 1,000 crore. This city will be similar to Pharma city in Visakhapatnam, which will have multi products instead of one single product.

The Group plans to raise Rs 90 crore as debt and most of the investment will come from internal accruals. Currently the project proposal is with the Ministry of Environment and Forest for clearance. It has signed a MoU with Government of Andhra Pradesh during Partnership summit held earlier this year to set up Ramky Multiproduct Industrial Park.

The park will include mixed industries, knowledge and specialty chemicals, food processing and 300 MW (multi fuel) thermal power plants. Around 30% of total area will be earmarked including 20% for industrial segments and 10% for residential, commercial and roads including boundary of the park.

 

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