AP Clears Electronics Policy, Eyes Rs 800 Bn Investment

28 Jul 2025 CW Team

At a Cabinet meeting chaired by Chief Minister N. Chandrababu Naidu at the State Secretariat on Thursday, the Andhra Pradesh Electronics Components Manufacturing Policy 4.0 (2025–30) was approved.

Minister for Information and Public Relations Kolusu Parthasarathy stated that the policy aims to accelerate industrial activity and attract large-scale domestic and global investment into the electronics components manufacturing ecosystem.

Companies investing in Andhra Pradesh under this policy will benefit from advance and matching incentives, interim support measures, and plug-and-play manufacturing facilities within designated clusters. Special concessions will also be available for mega projects.

The policy is expected to significantly boost employment in regions such as Sri City, Orvakal, Kopparthi, and Hindupur, and is designed to attract USD 150 billion in investment over its tenure.

In the same meeting, the Cabinet approved Rs800 billion worth of investment proposals, projected to generate employment for 1.5 lakh people.

Based on the State Investment Promotion Board (SIPB) recommendations, the Cabinet allocated 3.6 acres at IT Hill No. 3, Madhurawada, Visakhapatnam at Rs1 crore per acre and 50 acres at Paradesipalem at Rs50 million per acre to Sify Infinite Spaces Ltd via APIIC, enabling a Rs16.47 billion investment and the creation of 600 jobs.

This strategic move is expected to transform Visakhapatnam into a major data hub, enhancing its appeal for technology firms and bolstering capacities in cloud computing, data storage, and digital infrastructure, the minister added.

The Cabinet also approved the Technical Committee’s recommendations for completing 20 ongoing packages under the Andhra Pradesh Urban Water Supply and Septage Management Improvement Project (APUWS&SMIP), funded by the Asian Infrastructure Investment Bank (AIIB), and to invite tenders for remaining works.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..