The State Government is keen on rapid industrialization of
backward areas, said the Chief Minister, Dr.K.Rosaiah.
The Managing Director of Berger Paints India Ltd.,
Mr.Subir Bose today called on the Chief Minister at residence and informed his
plans to set up water based paint plant at Hindupur in Anantapur district.
Welcoming the proposal of Mr.Subir Bose, the Chief
Minister said that with the setting up of the paint plant, Hindupur will grow
as a major industrial centre and the state is poised for further development
with other paint majors showing keen interest to set up their plants here.
He thanked the Chief Minister for the allotment of 48
acres of land by the State Government for the purpose and appreciated the State
Government officials for their best assistance. The capacity of the plant will
be 1,50,000 KL/MT per annum at an estimated cost of Rs.200 crores to be scaled
up to more than 3,00,000 KL/MT per annum over a period of five years. The
total investment over this period is estimated at more than Rs.300 crores. The
direct employment potential will be 400 employees by the time the project
attains full capacity, Mr.Bose said. “We are the first major company to invest
on a mega project in the Rayalaseema area and we understand that substantial
interest has now been generated among various industries in and around Hindupur”,
Mr.Bose said that their company has also proposed to put
up a paints plant by its British paints division in Gollapuram Industrial Area
near Hindupur which will have an installed capacity of 24,000 KL per annum of
both water based and solvent based paints with an investment of Rs.25 crores
which will generate direct employment potential of 160 employees. Similarly it
is also proposed to set up a manufacturing unit of plastic and metal containers
by their group of company, Seaward Packaging Pvt. Ltd. at an investment of
Rs.22 crore generating employment potential of 104 employees. Thus with the
forming of their mega paint complex in Hindupur, their total investment will be
to the tune of Rs.350 crore and direct employment will be about 700 employees
and indirect employment will be much higher, the Managing Director said.
to C.M., Mr.Sam Bob was also present.