+
Andhra Pradesh clears investment proposals worth Rs 16k cr
ECONOMY & POLICY

Andhra Pradesh clears investment proposals worth Rs 16k cr

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

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

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?