# Anchor Electricals to invest ₹600 crore in Sri City plant

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.

- Type: New facility
- Announced: 2019-01-11
- Where: Sri City, Andhra Pradesh, India
- Value: $84.0M (6.00B INR)
- Status: announced
- Products: electrical construction material, appliances
- 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) (investor)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/anchor-electricals-to-invest-600-cr-in-sri-city/article25972261.ece), 2019-01-11: "Anchor Electricals, a leading electrical product company, has signed up with Andhra Pradesh for setting up of a new manufacturing facility in Sri City."

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