Premier Explosives is looking at expanding its operations in Andhra Pradesh in Chittoor district.
Ramalinga Reddy, a farmer in Madanapalli village of Chittoor district, is worried as in 2015 his ground nut crop failed and this year too, his fields are nothing but a barren piece of land. With no sign of rainfall, he was forced to sell his three cows at throw away prices.
According to the plan, the two-wheeler giant will commence production of 5 lakh units (per annum) in the first phase by December 2018 with an investment of Rs 800 crore, a state government's order said yesterday.