Nara Lokesh, TDP national general secretary, will lay the foundation stone for Carrier Global’s ₹1,000 crore manufacturing facility in Sri City, Andhra Pradesh, on May 6th. The facility is expected to generate over 2,000 jobs.
Carrier Global, a leading global provider of HVAC, refrigeration, fire, security and building automation solutions, selected Andhra Pradesh due to the state’s proactive industrial policies and favorable business environment under the TDP government. The company intends to leverage Sri City’s infrastructure and connectivity for its operations.
This investment signifies a major boost to Andhra Pradesh’s manufacturing sector and is anticipated to attract further investments into the region. The facility will focus on producing advanced HVAC and refrigeration products, catering to both domestic and international markets.
The Andhra Pradesh government has been actively working to promote industrial development and create employment opportunities. This project aligns with the state’s vision to become a manufacturing hub. Officials highlight the ease of doing business and the availability of skilled labor as key factors influencing Carrier Global’s decision.
The event is expected to be attended by senior Carrier Global executives, government officials, and industry representatives. Lokesh’s participation underscores the TDP’s commitment to fostering industrial growth and attracting foreign investment. The facility is projected to contribute significantly to the state’s economic growth and solidify Andhra Pradesh’s position as a preferred investment destination. The project represents a substantial vote of confidence in the state’s industrial potential and the effectiveness of its policies.
