Collector M.M. Nayak has said that seven industrialists, who have participated in the recently held Partnership Summit in Visakhapatnam, are ready to invest Rs. 12,032 crore and they have signed Memorandum of Understandings with the government for setting up units in the district.
The industries when established would provide employment to 11,700 people. He said that Steel Exchange India Limited would invest Rs. 7,937crore, Sri Anantha Subbaraya Wire Products (P) Limited Rs. 105 crore, Saradha Metals and Alloys Rs. 1500 crore, Kothavalasa Infra Ventures Private Limited Rs. 2,000 crore, Divis Laboratories Rs. 250crore, Nellore NCS Sugars Limited Rs. 120 crore, Yelamanchili Infrastructure Limited Rs. 120 crore, according to a release.