Andhra Pradesh: Fortune 500 US Firm IFF To Build New Rs 3,153 Cr Manufacturing Facility In Nellore SEZ
International Flavors & Fragrances (IFF) Inc., a U.S.-based Fortune 500 company, plans to invest Rs 3,153 crore in a new manufacturing facility at the IFFCO Kisan Special Economic Zone (SEZ) in Nellore, Andhra Pradesh. This project, which will be executed in two phases and is expected to create significant employment and encourage ancillary industries, aims to strengthen the state's position as a hub for biotechnology and food-processing industries. The Andhra Pradesh government will provide incentives under its Mega Project category for this investment.