50 acres allocated for Bengaluru-based bus manufacturing firm
Veera Vahana Udyog Private Limited which is in the business of manufacturing premium buses in Bengaluru city has entered into a Memorandum of Understanding with the state government to set up a sister manufacturing company in rural Gudupalle in Somandepalle mandal in the district, according to sources in the Industry department.
Anantapur: Veera Vahana Udyog Private Limited which is in the business of manufacturing premium buses in Bengaluru city has entered into a Memorandum of Understanding with the state government to set up a sister manufacturing company in rural Gudupalle in Somandepalle mandal in the district, according to sources in the Industry department.
APIIC Zonal Manager Ranjith told ‘The Hans India’ that 50 acres of land have been earmarked for the project against its request to allocate 120 acres. Initially, the APIIC has given 50 acres and based upon further requirement it would respond, the ZM said.
The Rs 600 crore project will be established in phase 1 and 2. In the phase-1, 5,000 buses will be manufactured per year and in the phase-2, 2,000 mini-buses with a capacity of 12-18 buses will be manufactured. The project is expected to generate 7,000 jobs.
Its mega-unit in Bengaluru is supplying buses to KSRTC and to others countrywide. The Veera Group is urging the government to provide land Rs 5 lakh per acre.
