Andhra CM inaugurates multiple projects worth over 3,000 cr
ECONOMY & POLICY

Andhra CM inaugurates multiple projects worth over 3,000 cr

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

EMO Energy and e-Sprinto to Deploy 8,000 Electric Scooters

EMO Energy has announced a partnership with electric two-wheeler maker e-Sprinto to deploy 8,000 electric scooters across India this financial year. The rollout will include both low-speed and high-speed models and will be phased across several cities. The scooters will be aimed at quick-commerce and last-mile delivery operations where uptime and energy efficiency are prioritised. EMO Energy said the scooters will use its patented ZenPac liquid-cooled battery platform with active thermal management, battery intelligence and energy optimisation to improve reliability and performance. ZenPac con..

Next Story
Infrastructure Energy

Octillion Opens Third EV Battery Plant in India

Octillion Power Systems has opened its third manufacturing facility in Halol, Gujarat, adding production capacity as demand for electric vehicle battery systems grows across passenger, commercial and public transport segments. The facility covers more than 13,000 square metres and was converted from an empty structure into an operational battery manufacturing plant in less than eight months. At full capacity the Gujarat plant will manufacture more than 48,000 battery systems annually, representing over three GWh of energy storage capacity. With the addition of the Halol facility Octillion's co..

Next Story
Real Estate

Land Reforms Could Unlock Urban Affordable Housing

Former cabinet secretary and NITI Aayog member Rajeev Gauba said India’s urban housing shortage could be tackled by unlocking 10 million (mn) vacant homes and using excess unutilised land held by public sector undertakings (PSUs). He said land availability lay at the heart of the problem and estimated that land accounted for as much as 50 to 70 per cent of total project cost. He urged states to waive land?use change fees and exempt stamp duty on land and transactions linked to affordable housing. He noted that urban population was projected to rise from 500 million to nearly 900 million by 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement