https://www.taxtmi.com/news?id=43232 Andhra Pradesh granted cabinet approval and allocated 247 acres under its electronics manufacturing policy to enable a large multinational to construct a million-square-metre manufacturing complex at Sri City. The project involves multi-year capital expenditure to produce refrigerators, washing machines, air conditioners and compressors for domestic and nearby export markets, aims to attract ancillary suppliers and generate significant employment, and runs in parallel with an IPO planned as an offer-for-sale by the foreign parent with no fresh-issue proceeds to the Indian subsidiary. en-us Thu, 08 May 2025 14:31:04 +0530 Thu, 08 May 2025 14:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43232 Andhra Pradesh granted cabinet approval and allocated 247 acres under its electronics manufacturing policy to enable a large multinational to construct a million-square-metre manufacturing complex at Sri City. The project involves multi-year capital expenditure to produce refrigerators, washing machines, air conditioners and compressors for domestic and nearby export markets, aims to attract ancillary suppliers and generate significant employment, and runs in parallel with an IPO planned as an offer-for-sale by the foreign parent with no fresh-issue proceeds to the Indian subsidiary. News - Thu, 08 May 2025 14:31:04 +0530 https://www.taxtmi.com/news?id=43232