In what could be realising the long-cherished dreams, the sleepy town of Donakonda in the Prakasam district is going to turn into a major industrial hub in the coming years as the state government has succeeded in roping in big-ticket investments to the region. At least three major industrial houses are going to launch their operations in the industrial corridor of Donakonda shortly as the firms signed Memorandum of Understanding (MoU) with the state government at just concluded CII-partnership summit at Visakhapatnam.
The works on Rs 6,000 crore aviation industry to be owned by the Titan Aviation a subsidiary of Titan Metals and Minerals Ltd are expected to kick-start anytime now as the company is making arrangements for laying the foundation stone for the big project. The project will come up in an extent of about 5,000 acres in Donkonda industrial park. “At least three firms, which have promised to invest in Donakonda are readying to conduct foundation laying ceremony in next few weeks,” disclosed district minister Sidda Raghava Rao.
The Titan Aviation will make foot in Donakonda in collaboration with several Ukrainian companies which have strong presence in aviation and aerospace businesses across the globe. Mike Napoli Authentic Jersey