GlaxoSmithKline shortlisted locations at Nellore and Chittoor to set up 1,000-crore health drink units

The maker of Horlicks and Boost health food drinks, GlaxoSmithKline Consumer HealthCare Ltd, is planning to set up manufacturing facility in southern AP. It has short listed the locations at Nellore and Chittoor for the plant with an investment of Rs 1,000 crore to produce Horlicks and Boost branded products.

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GSK is waiting for the AP government to pursue the special category status promised to it under the AP Reorganisation Act 2014 for clarity over tax incentive,  before taking a decision. The main reasons for the GSK to finalize on the southern AP region is due the availability of low-priced land, proximity to farm produce consumed as raw material for health food drinks and access to four more southern stated.

The AP government bureaucrat, who confirmed the GSK team’s visits to a few locations in the southern AP region, said, “A few large MNCs, including Coca-Cola  are also looking at setting up their large facilities but are waiting for clarity over tax incentives through special category status.”

Cadbury India has already said that it is setting up its largest facility in the continent at the Sri City special economic zone Chittoor district, investing about Rs 2,000 crore. For details Click

 Cadbury India Investing at Sri City

Sembcorp to increase stake in Krishnapatnam Power Plant

sembcorp

Executive Vice President and Head of Group Business Development and Commercial at Sembcorp Industries Taan Cheng Guan told that there are waiting for approval to increase its 45 percent stake in 1,320-megawatt power plant located in Krishnapatnam in Nellore, AP.

NCC Infrastructure Holding Ltd, jointly with Gayathri Energy Ventures Pvt Ltd, is building the plant which would start operation by end of next year.

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sembcorp

After speaking to the government officials, Tan is confident that the approval should come over the next couple of months. He is very postive of increasing the stake, though he did not state as to how much the stake is to be increased to

Sembcorp’s 60 per cent owned first power plant, is expected to commence operation from end of this year.