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Jagan assures jobs in new unit

Special Correspondent

Inaugurates Rs. 57-crore joint venture at Ippatla



For growth: Former Kadapa MP Y.S. Jaganmohan Reddy inaugurating Bharathi Polymers India Pvt. Ltd unit at Ippatla in Kadapa district on Friday. Also seen is Vicat Cement MD Marcus Oberli.

KADAPA: Former Kadapa MP Y.S. Jaganmohan Reddy on Friday inaugurated Bharathi Polymers India Pvt. Ltd, a Rs. 57-crore poly-propylene laminated (PPL) bag manufacturing unit, the first of its kind in the country, with a capacity of 60 million bags, which is a joint venture with a French company, Vicat Group, recording consolidated sales of €1,896 million in 2009, at Ippatla in Lingala mandal in Pulivendula constituency on Friday.

Recalling that his father and former Chief Minister Y.S. Rajasekhara Reddy had envisaged setting up industries in Kadapa district, particularly Pulivendula constituency, Mr. Jaganmohan Reddy asserted that two cement factories, two spinning mills and three cement bag manufacturing units were started by him to generate employment to unemployed youth. He assured to provide 85 per cent of the 200 jobs in the new bag unit to the people of Pulivendula segment. The manufacturing plant, a subsidiary of Bharathi Cement Corporation Pvt. Ltd., having state-of-art technology provided by Starlinger Export GmbH, Austria, would manufacture PPL bags in India, which were being imported from overseas for Bharathi Cement, Bharathi Cement Director Ravindra Reddy said. The PPL bags are unique as they would be manufactured with ‘heat seal technology' as compared to other cement bags, which are stitched and can be opened, and can minimise spillage by way of dust through weave gaps thus making them tamper proof, Mr. Ravindra Reddy added. Fifty per cent of the production would be used by Bharathi Cement and the rest would be sold to others.

Marcus Oberle, Managing Director of Vicat Cement, said the Vicat Group, set up in 1853, operates in 11 countries on three core lines of business - cement, ready-mixed concrete and aggregates as well as related activities.

Bharathi Cement Directors J.J. Reddy and Balaji and Executive Director Harish Ramamurthy and others participated.

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