Officials from Sri City are said to have approached Samsung executives for an informal round of talks regarding a possible relocation of the plant, a source privy to the development said. "Officials from Sri City have already approached the company," confirmed the source..
However, there was no confirmation or denial on it by Samsung.
Sri City has become a hub of activities since N increased Chandrababu Naidu took over the reins of Andhra Pradesh earlier this year. In August, he inaugurated projects and signed a memorandum of understanding for investments worth 3,700 crore in the industrial city which lies in the state's Tirupati district.
This story is from the October 10, 2024 edition of Business Standard.
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This story is from the October 10, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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