Recently, the agri giant ITC shifted its main agri division from Telangana capital Hyderabad to Guntur in Andhra Pradesh. Even several other reputed companies are reportedly mulling shifting their main base from Hyderabad to Amaravati.In a latest, automobile giant Ashok Leyland is planning to set up a huge body building plant in Mallavalli Village in Krishna District. The company officials have already approached the APIIC authorities and requested about 316 acres of land to spread the company's operations.
Ashok Leyland has submitted a proposal to invest around Rs. 1,000 crores in the capital region. The APIIC has nearly 3,200 acres of government land in its land bank in the Krishna region and it is contemplating on giving away 100 acres each in Mallavalli and Peddavaram villages to Ashok Leyland.