Andhra Cabinet Approves Rs 800 Bn Investment Push
30 Jul 2025 CW Team
Addressing the media at the state secretariat, Information and Public Relations Minister K Parthasarathy announced that the cabinet had cleared a significant investment package aimed at boosting employment and economic growth.
“Investment proposals worth nearly Rs 800 billion were approved. Up to 1.5 lakh jobs are expected from these investments,” said Parthasarathy.
The cabinet gave the green light to invite tenders for the Vizag Metro and approved the Vijayawada Metro project, signalling a strong push toward urban transport development.
Among key approvals:
- Electronics Manufacturing Policy 4.0: Aimed at accelerating the growth of electronic industries in Andhra Pradesh.
- Land allocation to Phenom People: 4.45 acres in Vizag for an investment of Rs 2 billion, expected to create 2,500 jobs.
- Sify Infinity Spaces: 3.6 acre at Madhurawada IT Hill and 50 acres at Paradesipalem in Vizag at Rs 50 lakh per acre, for a proposed Rs 164.66 billion investment to build a major data hub.
- Sattva Developers: 30 acres in Madhurawada allocated at Rs 10.5 million per acre for a Rs 150 billion project.
- ANSR Global Corporation: 2.5 acre in Madhurawada approved for a Rs 10 billion investment.
“This strategic development will position Visakhapatnam as a key data hub, attracting technology-based firms and enhancing the state’s capabilities in cloud computing, data storage, and digital services,” Parthasarathy added.