Andhra Pradesh receives 340 investment proposals during the Global Investor Summit
ECONOMY & POLICY

Andhra Pradesh receives 340 investment proposals during the Global Investor Summit

Andhra Pradesh recently hosted a high-profile event that highlighted the state's advantages to global business leaders. The event was attended by several dignitaries and industry leaders, who shared their insights on the state's potential for growth and development. YS Jagan Mohan Reddy...

Andhra Pradesh recently hosted a high-profile event that highlighted the state's advantages to global business leaders. The event was attended by several dignitaries and industry leaders, who shared their insights on the state's potential for growth and development. YS Jagan Mohan Reddy, Chief Minister, Andhra Pradesh, stated, “It is a proud moment to announce that the state has received 340 investment proposals with investment of about Rs 13 trillion, providing employment to almost 600,000 people across 20 sectors distributed all along the state.” The CM also pointed out the potential of the state in the renewable energy sector. “Andhra Pradesh is blessed with a large renewable energy potential of 82.5 GW. It is one of the very few states in India that has combined potential for solar, wind and pumped storage. We have also identified and set aside dedicated land parcels for wind, solar and pumped storage projects”, he stated. Andhra Pradesh is India’s gateway to the southeast with its 974 km long coastline, the second longest in the country, six existing ports, and four upcoming ports. Coincidently, it has also emerged as the fastest-growing state in India, as per the numbers released so far, with double-digit growth of 11.43 per cent in 2021-22.

Next Story
Real Estate

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Next Story
Real Estate

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Next Story
Infrastructure Energy

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App