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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..