Brighton signs MOU for setting up of Rs.2900 Crore Nuclear Power Equipment Plant in AP

Hyderabad|India|February'2011: The State Government and M/s Brighton Equipment Corporation of USA on Wednesday evening signed a Memorandum of Understanding (MoU) for setting up of Rs.2900 Crore Nuclear Power Equipment Plant at Nakkapally Village, Viskhapatnam district, in the presence of the Chief Minister Mr.N.Kiran Kumar Reddy here at Secretariat.

Speaking on this occasion, Mr Kiran Kumar Reddy expressed happiness over the Brighton Company’s quick decision for establishment the Mega Manufacturing Unit in the State. The Chief Minister has also assured all cooperation for speedy completion of the Plant from the State Government. He also informed that the 800 acres land earmarked for this company is absolutely problem free Government land and stated that land will also be reserved for establishment of ancillary units there.

The Officials informed that in all about One lakh personnel will be provided with employment after the completion of this plant and it may be completed within 5 years.

This is one of the biggest Foreign Direct Investment (FDI) Manufacturing Project in the State during the recent times. The State Government assured to provide all infrastructure facilities like water, power and road connectivity in order to set up the Project.

Mr.Kitkung, Chairman of the Company said that they have proposed to convert the manufacturing facility as an SEZ. The goods manufactured in the Project will not only Marketed in India but also abroad. The Company has proposed to provide direct employment upto 2,500 skilled persons, train the local workers and additional support factories will be needed in the immediate vicinity, altogether will employ about one lakh persons.