Greenlam to set up South India’s largest laminate unit in AP

Greenlam Industries will invest 1,147 crore to set up South India’s largest laminate factory in Naidupeta, Andhra Pradesh.

The factory will have an annual production capacity of 7 million sheets of high-pressure laminate and 290,000 cubic metres of wood-based particle board sheets.

According to a state govt. Source, the Andhra Pradesh government will provide incentives of around 329 crore, which will be more than 30 per cent of the project capital cost.

“Greenlam is eligible for tailor-made incentives according to the state’s Industrial Development Policy (4.0) 2024-29. Under the policy, the government may provide 35 per cent capital subsidy, 2.25 per cent of annual turnover, power tariff subsidy of 1 per unit, and subsidies on state duties,” he said.

Greenlam plans to set up an advanced German continuous press system for the factory. The entire machinery and equipment are proposed to adhere to the global standards of excellence. This will be the only plant utilising the German continuous press system in South India.

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