The State Investment Promotion Board (SIPB), led by Chief Minister N Chandrababu Naidu, approved investment proposals worth an estimated 1,21,659 INR-Crore from ten companies on Thursday, March 13. These projects will create 80,104 jobs across the industry, energy, and tourism sectors.
Additionally, the CM instructed officials to establish MSME parks in all 175 constituencies, starting with one park in each district. He also directed the immediate establishment of five Ratan Tata Innovation Centers within a month.
Also Read: SIPB greenlights 85,083 INR-Crore investments in Andhra Pradesh
Key Investment Approvals:
- Indosol Solar Pvt Ltd to invest an estimated 58,469 INR-Crore, create 13,050 jobs
- Satyavedu Reserve Infracity Pvt Ltd (Sri City) to invest around 25,000 INR-Crore, create 50,000 jobs
- AP NGEL Harith Amrit Ltd (Anantapur & Sri Satya Sai districts) to invest an estimated 22,000 INR-Crore, create 8,300 jobs
- Aastha Green Energy Ventures (Annamayya & Kadapa districts) to invest 8,240 INR-Crore, create 4,000 jobs
- Dalmia Cement (Kadapa) to invest around 2,883 INR-Crore, create 354 jobs
- Premier Energies Ltd (Naidupeta) to invest 1,742 INR-Crore, create 2,000 jobs
- Lulu Global International (Visakhapatnam) to invest 1,500 INR-Crore
- Balaji Action Buildwell Pvt Ltd to invest an estimated 1,175 INR-Crore, to create 1,500 jobs
- Mayfair Beach Resorts & Convention to invest 400 INR-Crore, create 750 jobs
- Oberoi Vilas Resort to invest around 250 INR-Crore, create 150 jobs
These investment proposals will transform Andhra Pradesh’s economic landscape, fostering growth, employment, and innovation across multiple sectors.
Biltrax Construction Data is tracking 34,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
