Laurus Labs has announced an investment of ₹5,000 crore to establish a state-of-the-art manufacturing facility in the Anakapalli district of Andhra Pradesh. The project is expected to generate approximately 7,500 direct and indirect employment opportunities.
This strategic decision was finalized during a meeting held in Amaravati on Thursday between Andhra Pradesh Chief Minister N. Chandrababu Naidu and Laurus Labs CEO Dr. Chava Satyanarayana, according to an official release.
The State government will allocate land for the proposed facility in Rambilli village, Anakapalli district. The Chief Minister assured the company of a business-friendly environment and extended full support for the project, including expedited land allotment, the release further stated.