Andhra CM inaugurates multiple projects worth over 3,000 cr

06 Oct 2023 CW Team

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, in a virtual ceremony on Wednesday, inaugurated three significant projects and laid the foundation for nine more, collectively valued at Rs 3,008 crore. These initiatives are expected to generate employment opportunities for over 7,000 individuals in the state.

Among the projects inaugurated, the Chief Minister unveiled the Rs 800 crore industrial unit of Greenlam South Group in Naidupeta, located in Tirupati district. Additionally, he inaugurated DP Chocolates' cocoa butter and chocolates unit in Sri City, an investment of Rs 325 crore. The launch also included the opening of the AP Food Processing Society's banana processing cluster in Brahmanapalli, YSR Kadapa district, with an investment of Rs 4 crore.

Addressing industrialists during the event, Chief Minister Reddy emphasized the government's commitment to supporting businesses and pledged quick resolution of any challenges they may face when launching their units in the state. He assured them that his administration is readily available to assist in their endeavors.

Furthermore, Chief Minister Reddy laid the foundation stone for several other projects, including Eco Steel India's Rs 544 crore bio-ethanol unit in Jajarakallu, Anantapur district; Everest Steel's Rs 250 crore building unit in Madakasira, and United Industries Auto Plastic's Rs 125 crore unit, among others.

These initiatives reflect the government's dedication to fostering economic growth and employment opportunities within Andhra Pradesh, further reinforcing the state's position as an attractive destination for industrial investment.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..