Andhra Cabinet Approves Rs 800 Bn Investment Push

30 Jul 2025 CW Team

Addressing the media at the state secretariat, Information and Public Relations Minister K Parthasarathy announced that the cabinet had cleared a significant investment package aimed at boosting employment and economic growth.

“Investment proposals worth nearly Rs 800 billion were approved. Up to 1.5 lakh jobs are expected from these investments,” said Parthasarathy.

The cabinet gave the green light to invite tenders for the Vizag Metro and approved the Vijayawada Metro project, signalling a strong push toward urban transport development.

Among key approvals:

Electronics Manufacturing Policy 4.0: Aimed at accelerating the growth of electronic industries in Andhra Pradesh.
Land allocation to Phenom People: 4.45 acres in Vizag for an investment of Rs 2 billion, expected to create 2,500 jobs.
Sify Infinity Spaces: 3.6 acre at Madhurawada IT Hill and 50 acres at Paradesipalem in Vizag at Rs 50 lakh per acre, for a proposed Rs 164.66 billion investment to build a major data hub.
Sattva Developers: 30 acres in Madhurawada allocated at Rs 10.5 million per acre for a Rs 150 billion project.
ANSR Global Corporation: 2.5 acre in Madhurawada approved for a Rs 10 billion investment.

“This strategic development will position Visakhapatnam as a key data hub, attracting technology-based firms and enhancing the state’s capabilities in cloud computing, data storage, and digital services,” Parthasarathy added.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..