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SriCity emerges as prime manufacturing location, attract Rs 2236 cr in 2019

Ahead of 2020, eleven companies have kicked off the construction of their plants, while six others entered into the operational phase

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Thermax opened a new manufacturing unit, which has a large portion of “industry 4.0” built into it and uses artificial intelligence.

T E Narasimhan Chennai

2 min read Last Updated : Dec 29 2019 | 5:58 PM IST

The Satyavedu Reserve Infracity (SriCity), an integrated business city near Chennai attracted over 16 new companies with an investment of Rs 2,236 crore in 2019, employing 6700 people. Several companies including Foxconn, Cadbury, Isuzu, Alstom exported products worth Rs 3,370 crore from their centers in the city.

Ahead of 2020, eleven companies have kicked off the construction of their plants, while six others entered into the operational phase. The bonanza came days ago when Panasonic announced a manufacutiring unit at the location to cater to demands in the southern region.

Ravindra Sannareddy, Founder Managing Director, Sri City said, “2019 has

Topics : SriCity manufacturing Panasonic Panasonic India

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