Andhra to get $3.5 bn worth pulp and paper plant

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The Andhra Pradesh Economic Development Board (APEDB) on Wednesday signed a Memorandum of Understanding (MoU) with the Asia Pulp & Paper (APP) to develop a five million tonnes per annum greenfield pulp and paper plant in the state's Prakasam district.

The MoU was signed by J. Krishna Kishore, Chief Executive Officer, Andhra Pradesh Economic Development Board (APEDB) and Suresh Kilam, Executive Director, Asia Pulp & Paper, in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu, read a statement.

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Source: Business Standard