Germany’s Linde Group to invest $200 million in Andhra

Hyderabad (IANS) Germany’s Linde Group plans to invest $200 million in freezing of sea food and adding value to exports in Andhra Pradesh, which tops in fisheries production in India.

The Linde Group officials, who met Chief Minister N. Chandrababu Naidu in Vijayawada on Friday, said that the company also has a base in Gujarat and is looking for a strong base in Andhra Pradesh.

“Andhra Pradesh has a long coast and has strong production of sea food. We want to support you in freezing of sea food and add value to exports. We are looking to invest over $200 million,” said Linde Group’s CEO Wolfgang Buchele.

According to a statement from the chief minister’s office, Buchele explained Linde Group’s expertise in cryogenic freezing of food, international gases market and engineering expertise in supporting olefin plants, natural gas plants and air separation plants, as well as hydrogen and synthesis gas plants.

Linde’s executive board member Sanjiv Lamba said that the group is also interested in Petroleum, Chemical and Petrochemicals Investment Region (PCPIR) and auto components.

Lamba said that the company is also interested to set up an air-circulation plant, a lab and an academy that will train the personnel required for supporting food processing.

Explaining the advantages of Andhra Pradesh, Naidu said that the government is planning to make it the logistics hub of southeast Asia. He advised the company officials to send their team to study the agriculture and allied activities in the state and identify business opportunities.

The chief minister said that the Linde Group can also work on cold storage facilities in 13 food parks that are coming up across the state.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here