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Naidu Dasaradharami Reddy Group to invest 400 cr at Donakonda
Naidu Dasaradharami Reddy (NDR) Group of Companies expressed interest in investing Rs 400 crores at Donakonda industrial corridor. The group, which has a bouquet of companies dealing with warehousing business, wants about 400 acres in Donakonda to establish an inland container depot in the district.
Ongole: Naidu Dasaradharami Reddy (NDR) Group of Companies expressed interest in investing Rs 400 crores at Donakonda industrial corridor. The group, which has a bouquet of companies dealing with warehousing business, wants about 400 acres in Donakonda to establish an inland container depot in the district.
A delegation of the group, including Pochana Ravindranath Reddy, Director and CFO of the Continental Multimodal Terminals Limited, project coordinator Yadavalli Nagaraja met Minister for Forests, Environment, Science and Rechnology Sidda Raghava Rao at Secretariat on Wednesday and explained him about the project details.
They said the Minister that the detailed project report is submitted to the state government for allotment of 400 acres in Donakonda industrial corridor. They explained that with about Rs 400 crore of investment, they would be able to provide direct and indirect employment to nearly 750 people through the industry.
The Minister assured the delegation that he would extend all help required for the fast processing of applications and permissions required for the land allotment and starting the industry work in the district.
