Bluestar considers shifting Jammu project to Sri City

Bluestar Ltd will wait until March 31, 2018, for a response from the Jammu and Kashmir government on fiscal incentives for its proposed greenfield unit in Jammu. If not granted, the project will be shifted to Sri City, Andhra Pradesh. The estimated investment for the twin projects is Rs 220 crore, with a capacity of 2.5 lakh room AC units per annum each.

“We can’t wait for an indefinite period. We have decided to wait till March 31, 2018, post which the project will be shifted to Sri City.”india.com

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• india.comBluestar to wait till FY18 end for Jammu project future | India.comAbout the Author PTI FeedsMar 22, 2018

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