3 months ago
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Carrier Air Conditioning and Refrigeration Limited has signed a lease deed with Sri City for constitution of a caller manufacturing installation dispersed crossed 39 acres astatine Sri City concern metropolis successful Tirupati district. The task entails an concern of ₹1,000 crore and volition to make 1,000 nonstop and 2,000 indirect jobs.
Carrier India’s Managing Director Sundaresan Narayanan and Sri City’s Managing Director Ravindra Sannareddy formally exchanged copies of the lease deed successful the beingness of the Tirupati territory Collector S. Venkateswar astatine a relation connected Tuesday (February 17, 2026).
Mr. Narayanan said the caller installation would conscionable the rising request for sustainable and energy-efficient commercialized cooling solutions by integrating greenish manufacturing practices to make section employment.
Mr. Sannareddy called the caller concern arsenic an endorsement of Andhra Pradesh’s robust concern ecosystem and hoped that it would accelerate Sri City’s improvement into a globally competitory hub for precocious manufacturing.
Mr. Venkateswar reiterated the authorities government’s absorption connected easiness and velocity of doing concern and besides ‘speed of delivering governance’.
