Greentech Industries President meets CEO, APEDB and proposes to invest INR 300 crores initially and create 1,500 jobs.
Mr. Matthew Chin, President, Greentech Industries (India) Pvt Ltd, promoted by Meita Group of Taiwan, met Mr. Subramanyam Javvadi, IAS, Director of Industries and CEO, APEDB with a proposal to establish their expansion project for manufacturing of turbocharger housings for automobile engines. The Company has already acquired the required land near Tada and proposes to invest INR 300 crores initially and create 1,500 jobs.
The project is expected to commence production in December 2020 and will likely meet 98% of the workforce requirement from local communities.
General Manager, DIC, Nellore district Mr. Maruti Prasad accompanied the investors and participated in the discussions.