# 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.

- Type: New facility
- Announced: 2018-11-09
- Where: Sri City, Andhra Pradesh, India
- Value: $28.0M (2.00B INR)
- Jobs: 2,000
- Starts operating: 2020
- Status: announced
- Products: fans, wiring devices, switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Anchor Electricals](https://endata.com/companies/19502.md)
- [Panasonic](https://endata.com/companies/1026.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/anchor-electricals-to-build-200-cr-plant-in-ap/article25457153.ece), 2018-11-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.