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AP Signs MoU With China Co-Fertilizer Plant

Mon, Jun 27, 2016, 07:13 PM
Vijayawada, June 27: Andhra Pradesh government signed a Memorandum of Understanding (MoU) with China Huanqin Contracting & Engineering Corp, LEPL Ventures Private Limited and Isomeric Holdings Sdn Bhd to build a gas-based fertilizer project at Krishnapatanam with an investment of Rs 10,183 crores.

The proposed year of commencement for the project is 2017-18, according to a release.

The MoU was signed in the presence of the Chief Minister Chandrababu Niadu and his delegation currently on a visit to Tianjin, China to attract investments. The MoU was signed between Andhra Pradesh Economic Development Board and Department of Industries and Commerce, Government of AP and the consortium of companies.

This project will help generate 5,000 jobs.

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