Consul General Zha Liyou attended Ground Breaking Ceremony of YAMA Ribbon manufacturing unit in Viskhapatnam, Andra Pradesh

On November 13, Consul General Zha Liyou attended the ground breaking ceremony of YAMA Ribbon manufacturing unit in Rambili, Viskhapatnam, Andra Predesh and delivered a speech. He congratulated YAMA Ribbon for its smooth development in India, highly appraised the company’s contribution to local employment creation and economic development, expressed gratitude to the local government for their support to this Chinese company, encouraged YAMA Ribbon to actively integrate into the local society, actively fulfill their social responsibilities, be concerned about the legitimate demands of all stakeholders, achieve win-win results in the long run and make greater contributions to the development of China-India economic and trade relations. 

Consul General Zha also introduced relevant contents of China’s economic development strategy outlined in the Report to the 20th National Congress of CPC, which was warmly welcomed by the guests and audience. Ms. Beesetti V. Satyavathi, member of the Lok Sabha of India, Mr. Gudivada Amarnath, Minister for Industry of Andhra Pradesh Government, director from Ministry of Textiles of Indian Central Government and other local dignitaries and officials attended the ceremony on invitation and delivered warm speeches. They also had a friendly exchange with Consul General Zha.

YAMA Ribbon is the world’s leading ribbon manufacturer. It set up its Indian company in 2014 in Viskhapatnam, Andra Predesh in a rented plant where products made are exported to the U.S. market. At present, the company employs more than 600 local employees, mostly women, which promoted local employment and economic and social development.

YAMA Ribbon plans to invest 3 billion rupees in this new manufacturing unit to build professional plant and supporting facilities. In the future, the company will hire 2000 new local staff, which is highly praised and valued by local government and business communities. Under the background that Chinese investment is strictly reviewed by the Indian central government,  YAMA Ribbon project could successfully get the approval and start construction, which has a special demonstration effect and is worthy of in-depth study by other Chinese enterprises in India.

News Mania Desk