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Century Plyboards has doubled its Medium Density Fibreboard (MDF) manufacturing capableness astatine its Badvel works successful Kadapa territory from 900 cubic metres to 1,900 cubic metres, the company’s Executive Director Keshav Bhajanka, said successful a release.
He said commercialized dispatches from the expanded installation had commenced and that the task had generated employment for astir 2,200 people.
The institution is procuring earthy worldly straight from farmers successful the Badvel portion and, to conscionable its aboriginal requirements, plans to beforehand plantation of plywood-grade trees successful 80,000 acres implicit the adjacent 8 years. As portion of the initiative, astir 1,000 farmers person already been encouraged to instrumentality up plantations successful 5,000 acres by supplying saplings astatine subsidised prices.
Mr. Bhajanka, who is besides the vice-president of the Indian Chamber of Commerce, said the MDF capableness enlargement had further strengthened Century Plyboards’ relation with Andhra Pradesh and reflected the State’s increasing attractiveness arsenic an concern destination.
He appreciated the efforts of IT and HRD Minister Nara Lokesh successful attracting investments to Andhra Pradesh, stating that his outreach to prospective investors successful Kolkata and the enactment extended to companies considering investments successful the State had been encouraging.
