Andhra Pradesh clears investment proposals worth Rs 16k cr

28 May 2021 CW Team

The Andhra Pradesh government has cleared projects from 14 investors to set up new industries in the state. The investors will make investments to the tune of Rs 16,000 crore in the 14 units.

The file was given to Chief Minister YS Jagan Mohan Reddy for his clearance after the state investments promotion board (SIPB) approved the proposals. The investors have presented detailed project reports (DPRs), which comprises three industries in Kadapa district, two each in Chittoor and Nellore, and one each in Visakhapatnam, Guntur, Tirupati districts besides others.

Neelkamal group has offered to build a plastic unit at Rs 425 crore, while Pitti rail engineering components ltd has introduced a unit for Rs 400 crore. Both the units are intended to be established in the Kadapa district.

Jindal Steels has introduced a unit in the Nellore district, while Sri Chakra Cements has offered its unit in the Guntur district. French-based multinational corporation Saint Gobin has come forward to start its unit in the Visakhapatnam district. Century Plyboards India has also presented a proposal to invest in the Nellore district.

Government officials have kept a series of consultations with the representatives of these organisations and proposed a wide range of incentives to strike the deals. The incentives include the proper extent of land, discounted power supply and expected water supply to the units, sources indicated.

Image Source

Also read: Andhra Pradesh govt ties up with Essar to develop steel plant in Kadapa

Also read: Andhra Pradesh to upgrade 10 highways into NHs

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..