AP govt to set up electronic equipment production zone at Mannavaram

17 Feb 2022 CW Team

The 6,000 crore Mannavaram project approved by the UPA government in 2007 was to be grounded in 2009, but the project was put on the back burner following the demise of the then chief minister Dr YS Rajasekhar Reddy. The project, which planned to produce boilers, turbines and generators envisaged rendering direct employment opportunities to at least 6,000 people and indirect employment prospects to 25,000 odd people.

Tirupati MP Dr M Gurumoorthy, who conducted a series of meetings with the Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) and the district industries department presented proposals to the union government to accord permissions to install lithium-ion batteries and semiconductor production units at Mannavaram where 753.85 acres of land was allotted at a nominal cost of Rs 100 per acre almost a decade ago, but no industrial activity could be carried out by the NTPC-BHEL as planned.

Last year, the state government asked to take back the lands allocated to the central PSUs as they were on the verge of shutting down the Mannavaram project. Following a series of policy decisions taken by the centre to promote semiconductor production in a big way in the nation, the state government planned for the union government to set up the electronic equipment production zone under the production linked incentive (PLI) scheme.

As per Tirupati MP Dr M Gurumoorthy, the proposals have been in principle nodded by the union power ministry and are awaiting the proposal of the commerce and industries ministry. Once the offers are sanctioned, heavy electronics production industries can also be set up at Mannavaram, which can be showcased as a hub of great industrial activity, and thousands of jobs can be generated for the unemployed youth of this area.

Image Source

Also read: 10 billion USD approved for semiconductors and display

Andhra Pradesh state government has offered the Union government to install a semiconductor and electronic equipment production zone at Mannavaram bordering Chittoor-Nellore districts where the NTPC Limited-Bharat Heavy Electricals Ltd (NTPC-BHEL) failed to boost industrial activities despite being allocated land over a decade ago. The 6,000 crore Mannavaram project approved by the UPA government in 2007 was to be grounded in 2009, but the project was put on the back burner following the demise of the then chief minister Dr YS Rajasekhar Reddy. The project, which planned to produce boilers, turbines and generators envisaged rendering direct employment opportunities to at least 6,000 people and indirect employment prospects to 25,000 odd people. Tirupati MP Dr M Gurumoorthy, who conducted a series of meetings with the Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) and the district industries department presented proposals to the union government to accord permissions to install lithium-ion batteries and semiconductor production units at Mannavaram where 753.85 acres of land was allotted at a nominal cost of Rs 100 per acre almost a decade ago, but no industrial activity could be carried out by the NTPC-BHEL as planned. Last year, the state government asked to take back the lands allocated to the central PSUs as they were on the verge of shutting down the Mannavaram project. Following a series of policy decisions taken by the centre to promote semiconductor production in a big way in the nation, the state government planned for the union government to set up the electronic equipment production zone under the production linked incentive (PLI) scheme. As per Tirupati MP Dr M Gurumoorthy, the proposals have been in principle nodded by the union power ministry and are awaiting the proposal of the commerce and industries ministry. Once the offers are sanctioned, heavy electronics production industries can also be set up at Mannavaram, which can be showcased as a hub of great industrial activity, and thousands of jobs can be generated for the unemployed youth of this area. Image Source Also read: 10 billion USD approved for semiconductors and display

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..