Sri City Integrated Business City

The Honourable Chief Minister of Andhra Pradesh Shri Y.S. Jaganmohan Reddy laid Foundation Stone for an additional production unit of Mondelez India Foods, a subsidiary of Mondelēz International, in Sri City in virtual mode on Tuesday. Welcoming the Chief Minister and other Senior officials, Mr. Venkat Venepally, Vice President (Supply Chain), Mondelez India thanked the Chief Minister for sparing time to lay the foundation despite his busy schedule, and acknowledged the excellent support and encouragement received from the state government, district administration and Sri City. “Sri City plant not only contributes to the overall growth of our business in India, but also stands as a model site for sustainability, new innovations and in areas like diversity and inclusion,” he added. Addressing the gathering the Chief Minister said, ”I congratulate the Mondelez India team for going for expansion of their unit in Sri City at an investment of Rs.1,600 crore. I am also glad to note that the new unit would provide employment opportunity for over 500 people, and benefit more than 1,8000 farmers in the state.” The CM thanked Mondelez International India for further investing in the state. The CM appreciated the efforts of Sri City MD for attracting new investments. While the Chief Minister was unveiling the plaque, Mr. Koneti Adimulam, MLA, Satyavedu, Mr. K. Venkata Ramana Reddy, IAS, District Collector, Tirupati, Dr. Ravindra Sannareddy, Founder Managing Director, Sri City, and a host of invitees from other industrial units were present at the Mondelez premises in Sri City, witnessing the ceremony. Mr. Koneti Adimulam and Mr. Venkata Ramana Reddy thanked the Chief Minister for laying the foundation for a new Mondelez facility that would benefit the people of the district in general and the Satyavedu constituency in particular. Commenting on the occasion Mr. Ravindra Sannareddy said,”This is the second event in Sri City in which the Hon'ble CM participated, although virtually. On behalf of the Sri City industrial fraternity, I express my heartfelt appreciation and use this opportunity to welcome him to Sri City for the opening of new units that are nearing completion.” He congratulated the entire Mondelez India team on their decision to expand the plant. Mondelez India, with a portfolio of brands like Cadbury Dairy Milk, Oreo, Bournvita, among others, today hosted a virtual groundbreaking ceremony for the expansion of its manufacturing plant in Sri City. The company, which has already invested Rs.2,500 crores in Sri City and offering jobs close to people, will now invest Rs.1,600 crore more for building an additional unit, to meet the rising demand in India. The investment will add additional chocolate-making capacity over the next three years, helping Sri City to become one of the Mondelēz International's largest chocolate production plants globally. This investment will also create additional employment in the state.

We were delighted to host Sri. T.G. Bharath, Hon'ble Minister of Industries, Commerce & Food Processing, Government of Andhra Pradesh who gracefully chaired an interactive meeting with the CXOs of companies operating in Sri City. Accompanied by Dr. N. Yuvaraj, IAS, Secretary, Industries and Commerce, Government of Andhra Pradesh, the minister presented the revolutionary Andhra Pradesh Industrial Policy 4.0. This policy focuses on initiatives like the 'Speed of Doing Business' for streamlining processes, catalysing an investor friendly approach, advanced infrastructure plans with industrial parks, and sector-specific incentives. Aspects that reflect the commitment of the GoAP and guarantee positioning Andhra Pradesh as a top global investment destination. The minister also outlined the foundations of the policy which include the key focus areas of MSMEs, electronics, food processing, clean energy, and include industrial parks. Factors that are set to invigorate economic transformation and enable a doubling of exports. The assembled CXOs expressed their appreciation of this forward looking policy and shared their commitment in transforming Andhra Pradesh into a global business destination. #AP #Industrialpolicy #growth #economictransformation #employability #jobcreation #economicdevelopment #policymakers #forwardlooking #sustainabledevelopment #interaction #forum

We congratulate Sri City based Axxelent Pharma Science Pvt Ltd upon being awarded the Health Canada Current Good Manufacturing Practices (cGMPs) compliance certification for its Non-Sterile facility which covers Oral Solids, Oral Liquids and Semi-Solids. This certification reflects their commitment to ensuring high standards as well as compliance with all regulatory norms. #compliance #certification #standards #healthcare #pharmaceuticals #healthandwellness #formulations #industry #SEZ

Sri City community deeply mourns the passing of Mr. Ratan Naval Tata, Chairman Emeritus, Tata Sons. An icon of Indian industry, Mr. Tata leaves behind an indelible mark and standards on corporate ethics, philanthropy and his contributions towards nation building are unparalleled. We recall his connections with us through the Sri City based Tata SmartFoodz of @TataConsumer Products, the 2nd largest player in India's Ready to Eat market and as an advisor to Krea University. Mr. Tata's words, "Sri City is a perfect example of what can be achieved with dedication and sincerity" are etched in our hearts and will continue to inspire us. We express our sincerest condolences to the Tata family and the Tata Companies. Om Shanti !

We are delighted & proud that our CFO, Mr. Nagarajan Raghavan has been awarded the 'CFO Excellence Award, 2023-24' under the #MSMEs category by Confederation of Indian Industry during the award's 3rd edition. Presented by Mr. Kris Gopalakrishnan, past President, ClI & Co-founder Infosys, Chairman, Axilor Ventures, and Mr. Kamal Bali, Chairman, CII CFO Excellence Awards & President & Managing Director, Volvo Group, India. This award recognises our efforts towards the implementation of innovative finance tools, transparency and adherence to stringent compliance at all times. Dr. Ravindra Sannareddy, Founder Managing Director of Sri City, congratulated him and said, “We are immensely proud to bag this prestigious award. We extend our appreciation to CII for creating a platform that celebrates the brightest stars of India’s finance community.” As CFO of Sri City, Mr. Nagarajan has been recognised with numerous prestigious awards in recent years, including the CFO100 award from CFO India in 2022, the 'Best CMA CFO' Award from the Institute of Cost Accountants of India in 2021, and the 'CFO of the Year' title at the Asian CFO Leadership Awards in 2021. #Excellence #Recognition #Awards #Finance #ChiefFinanceOfficer #IntegratedBusinessCity

Earmarking over a decade of innovation, growth, quality & commitment, Sri City #SEZ based leading manufacturer of office, educational & laboratory furniture Rockworth Systems Furniture India Private Limited, celebrated its 13th annual day. The company whose workforce majorly comprises of #youth from the #region, services both corporate as well as government clients in India as well as overseas, thus contributing to the #MakeinIndia initiative. The day's events also included the company reinforcing it's unwavering commitment to supporting the education of children of employees & the recognition of long serving employees and top performers. #MSME #Innovation #Quality #Officesystems #AnnualDayCelebrations

We are delighted and proud at being honoured with the 'Brand of the Decade' award at the Goalfest Conclave 2024. Organized and awarded by Herald Global International's Brand Advertising Research and Consulting (BARC), the ceremony took place in Mumbai's ITC Maratha, a few days ago. This award recognizes Sri City's remarkable decade-long growth and the award was accepted by Mr. R. Shivshankar, Senior Vice President (Marketing), and Mr. Bodgan George, Assistant Vice President (Business Development). Dr. Ravindra Sannareddy, Founder Managing Director, Sri City, expressed pride at the achievement and said, "This esteemed recognition underscores our dedication to exemplary business practices. Our success stems from a collaborative approach that engages stakeholders, businesses, and the local community, fostering a sustainable ecosystem benefiting all. We remain committed to advancing sustainable urban development." The Goalfest Conclave brought together industry leaders, policymakers, and visionaries shaping various sectors. Other notable award recipients included Mahindra Susten, APL Apollo Tubes, Amul, and JSW Steel, among others.

We were happy to host Mr. Sanjiv, IRS, Joint Secretary, DPIIT, Government of India. Mr. Sanjiv applauded our industrial ecosystem & world class infrastructure and cited Sri City as a prime example of the #atmanirbharbharat initiative. He also visited the Air Conditioner manufacturing units of Daikin India, Havells, BlueStar, Epack Durable, Amber & Magnum and witnessed the robust Air Conditioner manufacturing ecosystem that exists in Sri City, marking our emergence as India's leading AC manufacturing hub. Thereafter, Mr. Sanjiv, accompanied by Dr. Ashish Kumar, an authority on the Production Linked Incentive (PLI) Scheme, interacted with heads of AC manufacturing units in Sri City and other key stakeholders & outlined the key features & benefits of the PLI scheme. Mr. Sanjiv, also attended the inauguration of the Rubber and Tyre Research Laboratory (RTRL) at the Sri City based Indian Rubber Materials Research Institute. This is the first such laboratory in South India. He along with Dr. Manoranjan Patri, Chairman of CEPTAM, DRDO, New Delhi, who was also present at the event, applauded the setting up of this laboratory in Sri City & stated that it would further boost to the industrial ecosystem in Sri City, greatly benefiting the automobile and ancillary industries in our Industrial Park and the southern region.

The Hon’ble Chief Minister of Andhra Pradesh, Mr. N. Chandrababu Naidu, today graced the Progress Celebrations-2024 in Sri City, a thriving industrial hub, marking a significant milestone in its development. Upon his arrival at the helipad, the Chief Minister was warmly received by Dr. Venkateswar, District Collector of Tirupati, Mr. L. Subbarayadu, Superintendent of Police, Tirupati, along with Mr. C. Sriniraju, Chairman, and Mr. Ravindra Sannareddy, Founder Managing Director of Sri City, The Chief Minister participated in a vibrant ceremony, laying the foundation stone for eight new companies and inaugurating 16 manufacturing units. He also witnessed the signing of Memoranda of Understanding (MoUs) between Sri City and five more companies, signalling a commitment to further growth. These new ventures represent a total investment of Rs. 1570 crore and are expected to create over 8,500 new jobs in the region. He further inaugurated the newly built fire-station and laid the foundation for the new Hi-Tech Police Station, bolstering infrastructure and safety within the industrial hub. During an interactive session with industry leaders, Mr. Naidu commended Mr. C. Sriniraju, and Mr. Ravindra Sannareddy for their vision and dedication in transforming an underdeveloped region into a global model for industrial development. “Sri City has emerged as one of the finest examples of industrial development in the country and beyond, a fact of which I am immensely proud," he stated. He highlighted Sri City's cooler climate and active greenery initiatives. The Chief Minister reaffirmed his government's commitment to supporting investors, focusing on enhancing both the ease and speed of doing business, and reducing costs. He announced that fire renewals for industries will now be required every five years, not annually, and promised timely payment of pending incentives, infrastructure improvements, and lower water and power tariffs. Industries Minister Mr. T.G. Bharath announced that government is working on a new industrial policy making it easier, faster, and more affordable to invest in the state. Expressing his heartfelt gratitude to the Chief Minister, Mr. Ravindra Sannareddy stated, "Sri City has crossed another significant milestone, marking a pivotal moment in its continued development. He added, "Under your dynamic leadership and forward-thinking industrial policy, Andhra Pradesh will continue as the preferred destination for global investments."

EmployabilityBridge , a First Meridian Company and a leading talent acquisition and placement organisation in collaboration with Sri City Integrated Business City, successfully hosted the ‘FLAG (First Look at Aspiring Graduates) Intelligent Job Fair’ at the Sri City Trade Centre on Tuesday. This groundbreaking event brought together 10 prominent manufacturing companies and over 380 talented candidates, including those with Engineering degrees, Diplomas, and ITI qualifications passed out in 2022, 2023, and 2024. Post screening, 363 candidates appeared for interview, and candidates were allowed to attend interviews of companies of their choice. They were from various colleges across Andhra Pradesh, and majority being from Nellore and Tirupathi districts. A total of 150 candidates successfully cleared the interview and obtained offers of employment from respective companies. This pioneering hiring event, designed to connect Sri City’s industrial units with qualified job seekers, utilised advanced technology to streamline the selection process, ensuring optimal matches between candidates and employers. The job fair attracted participation from various industrial units, including Alf Engineering, NS Nippon Seiki, Brakes India, Daikin, Axeelent, Toray, Astrotech Steel, Sundaram Fasteners and Alstom, all of which utilised the event to recruit new employees. EmployabilityBridge's sophisticated platform played a crucial role in the event, granting companies access to a diverse talent pool from multiple colleges in a single day. This innovative approach not only made the hiring process more efficient but also provided students with valuable insights into company expectations. Dr. Ravindra Sannareddy, Founder and Managing Director of Sri City, commented on the collaboration: “We believe that investing in our clients’ workforce is essential for sustained growth. The partnership with EmployabilityBridge and the FLAG initiative aligns perfectly with our vision. Together, we aim to empower youth in the region and create a talent pool that meets industry demands.” Mr. Emmanuel Justus, CEO of EmployabilityBridge, added, “FLAG is a game-changer, and we are thrilled to support industries in matching their manpower needs with qualified and suitable candidates seeking the right opportunities.”