MMD India unit in Sri City
MMD (India) a subsidiary of the UK-based MMD Mining Machinery Developments, has laid the foundation stone for its new production unit at Sri City. To start with, MMD will invest about Rs 100 crore in this project. It is expected to be commissioned by October next year, said Ravindra Sannareddy, Managing Director, Sri City. MMD was the fifth major industry from the UK to select Sri City as its business destination.