The Hindu reports that ” In a first of its kind investment proposal in Vijayawada, Guntur, Tenali and Mangalagiri region, Taiwan-based Pan Pacific Corporation would invest 1 billion dollars in real estate sector in Andhra Pradesh, according to the company’s CEO Michael Rosen.

Addressing a press conference here on Sunday, Dr. Rosen said that they have zeroed in land chunks near Tenali.

About 50 acres of land near JMJ College would be developed shortly. Commercial and residential buildings would be constructed, he said.”

Read The Hindu report HERE.