Anchor Electricals to build ₹200 crore plant in Sri City, Andhra Pradesh

Anchor Electricals, a Panasonic subsidiary, will invest approximately ₹200 crore to build a new 30-acre factory in Sri City, Andhra Pradesh. The plant will produce fans, wiring devices, and switchgear, and is expected to start operations in 2020, creating up to 2,000 jobs.

“The facility in which the company will invest around ₹200 crore will mainly produce fans, wiring devices and switchgear and will cater to Central and South Indian markets.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comAnchor Electricals to build ₹200-cr plant in AP - The HinduBusinessLineksenia kondratievaNov 9, 2018

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