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Anchor Electricals to pump Rs 600 cr by 2025 in Andhra Pradesh

Friday, 11 Jan 2019
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Anchor Electricals is planning to invest Rs 600 crore by 2025 to set up an electrical construction material and appliances manufacturing facility in Andhra Pradesh.

The company, a wholly-owned subsidiary of Japan's Panasonic Corporation, has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to establish the facility in a new 30-acre factory in Sri City.

The company plans to make a phased investment, with an initial investment of Rs 250 crore to set up the facility. Anchor Electricals has seven manufacturing units in North and West regions of India.

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