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Anchor Electricals, a subsidiary of Panasonic Corporation, signed an MoU with Andhra Pradesh to set up a new manufacturing facility in Sri City, with a planned investment of ₹600 crore by 2025, including ₹250 crore in the first phase.
“Anchor Electricals, a leading electrical product company, has signed up with Andhra Pradesh for setting up of a new manufacturing facility in Sri City.”thehindubusinessline.com
Summarized from public sources; check the original articles before acting on it.