Andhra Pradesh CM N Chandrababu Naidu laid foundation stone for Hero MotoCorp’s two wheeler factory, the first in South India, at Madana Palem near Sri City’s Special Economic Zone in Satyavedu, about 100 km from here.
Speaking on the occasion, Naidu said that the company would invest about Rs 1,600 crore in the first phase for making improved and latest versions of bikes.
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