Andhra Pradesh to Allocate 2,000 More Acre to Sri City

23 Dec 2024 CW Team

Sri City, a thriving integrated business hub located in the Tirupati district, bordering Andhra Pradesh and Tamil Nadu, is poised for significant expansion. The Andhra Pradesh government is taking steps to allocate an additional 2,000 acres of land to this high-potential business city, which has demonstrated remarkable industrial growth since its establishment about 15 years ago.

In 2008, the Andhra Pradesh government had allocated 8,000 acres of land near Satyavedu and Varadaiahpalem mandals in the Tirupati district for the development of Sri City.

Over the past 16 years, Sri City has transformed this underdeveloped region into a global model for industrial development in Asia. Today, Sri City is home to 220 companies from 30 countries, with cumulative exports reaching $4 billion and investments totalling $4.5 billion, reflecting the city’s phenomenal industrial progress in the last decade and a half. Major industries operating in Sri City include Mondelez International, Colgate Palmolive, Alstom Transport, Hero Motocorp, and Apollo Tyres.

Another key aspect of Sri City's success is its local workforce, with 95% of the 62,000 employees working at various industrial units hailing from nearby villages. Considering these achievements, Andhra Pradesh Chief Minister Nara Chandrababu Naidu, during the inauguration of 15 industrial units established with a total investment of Rs 15.70 billion, instructed officials to focus on acquiring additional land, approximately 2,000 acre, for further expansion of Sri City.

The Andhra Pradesh government's decision to allocate this additional 2,000-acre land parcel near Padirikuppam and surrounding areas aligns with the NDA alliance's promise to generate 2 million jobs over the next five years by attracting investments and fostering industrial progress in the state.

Real Estate

06 Feb 2026

IGBC Green Karnataka Summit 2026 Highlights State’s Green Leadership

The CII Indian Green Building Council (IGBC) hosted the first IGBC Green Karnataka Summit 2026 in Bengaluru, bringing together government leaders, urban planners, developers, architects and industry stakeholders to deliberate on “Advancing Sustainability vis-à-vis Climate Resilience in Urban Built Karnataka”.Karnataka currently has 1,539 registered green building projects accounting for a cumulative 1.13 billion sq ft of certified green building footprint, ranking third in India by number of buildings adopting IGBC Green Building Ratings. The summit reinforced a collective shift from inte..

MIC Electronics Bags First PAPIS Order from RCF Kapurthala

MIC Electronics has received a Letter of Acceptance (LoA) from Rail Coach Factory (RCF), Kapurthala, for its first order in the Passenger Announcement and Passenger Information System (PAPIS) segment, marking a new addition to the company’s railway electronics portfolio.The order was awarded following successful evaluation of the company’s bid by the competent authority. MIC Electronics said the scope of work will be executed in line with the agreed rate structure, delivery schedules, inspection requirements, warranty provisions and other standard terms and conditions prescribed by RCF.Com..

Prozo Opens 1.5 Lakh Sq Ft Multi-Client Fulfilment Hub

Prozo has launched its largest multi-client fulfilment hub, a 1.5 lakh sq ft enterprise-grade facility at Horizon Industrial Parks, Gurugram, Haryana, strengthening its expanding national warehousing network. The new site is Prozo’s sixth multi-client facility in Haryana and eleventh in Northern India, within a network of over 50 fulfilment centres spanning 3 million sq ft.Designed as a model warehouse for North India, the facility combines high-specification infrastructure with Prozo’s proprietary technology stack to support complex and high-volume operations for enterprise, retail and D2..