Naidu to Set Foundation Stone for Hero MotoCorp Global Parts Centre Tomorrow
The facility will be established with an investment of `750 crore and is expected to generate employment for nearly 4,000 people.
Vijayawada:Chief Minister N. Chandrababu Naidu will set the foundation stone for Hero MotoCorp’s Global Parts Centre at Madanapalem in Satyavedu mandal of Tirupati district on July 1.
The facility will be established with an investment of `750 crore and is expected to generate employment for nearly 4,000 people.
Hero MotoCorp already operates a two-wheeler manufacturing plant near Sri City with an annual production capacity of 1.5 million vehicles. The proposed Global Parts Centre will manufacture components for motorcycles, scooters and electric vehicles for domestic as well as international markets.
As part of the programme, the Chief Minister will also launch the ‘Heroes of Tomorrow’ scholarship programme, instituted in memory of Brijmohan Lall Munjal through the Swarna Andhra Foundation, to support deserving students.
Naidu will also hand over specially designed electric mobility vehicles manufactured by Hero MotoCorp for use by the Andhra Pradesh Police.
Later in the day, the Chief Minister will participate in the ‘Pedala Sevalo’ programme at Punnaparavaripalem village in Chillakur mandal of Nellore district, where he will distribute NTR Bharosa pensions and address a public meeting.
