Namasthe World signs Rs 36.24 cr MoU with AP to set up handloom, toy manufacturing units

Visakhapatnam, Nov 13 (UNI) Hyderabad-based storytelling and toy startup Namasthe World has signed an MoU with the Andhra Pradesh Government to establish sustainable apparel, handloom and toy manufacturing centres in Kurnool and Visakhapatnam with a proposed investment of Rs 36.24 crore. The agreement was signed on the sidelines of the 31st CII Partnership Summit on Thursday. The project is expected to generate around 950 direct jobs and another 100 indirect employment opportunities in supply chains, logistics and ancillary services. Founded by Bhuma Mounika Manchu along with actor and entrepreneur Manchu Manoj, Namasthe World plans to develop an integrated manufacturing ecosystem…