Andhra Pradesh to Allocate 2,000 More Acre to Sri City
Real Estate

Andhra Pradesh to Allocate 2,000 More Acre to Sri City

Sri City, a thriving integrated business hub located in the Tirupati district, bordering Andhra Pradesh and Tamil Nadu, is poised for significant expansion. The Andhra Pradesh government is taking steps to allocate an additional 2,000 acres of land to this high-potential business city, which has demonstrated remarkable industrial growth since its establishment about 15 years ago.

In 2008, the Andhra Pradesh government had allocated 8,000 acres of land near Satyavedu and Varadaiahpalem mandals in the Tirupati district for the development of Sri City.

Over the past 16 years, Sri City has transformed this underdeveloped region into a global model for industrial development in Asia. Today, Sri City is home to 220 companies from 30 countries, with cumulative exports reaching $4 billion and investments totalling $4.5 billion, reflecting the city’s phenomenal industrial progress in the last decade and a half. Major industries operating in Sri City include Mondelez International, Colgate Palmolive, Alstom Transport, Hero Motocorp, and Apollo Tyres.

Another key aspect of Sri City's success is its local workforce, with 95% of the 62,000 employees working at various industrial units hailing from nearby villages. Considering these achievements, Andhra Pradesh Chief Minister Nara Chandrababu Naidu, during the inauguration of 15 industrial units established with a total investment of Rs 15.70 billion, instructed officials to focus on acquiring additional land, approximately 2,000 acre, for further expansion of Sri City.

The Andhra Pradesh government's decision to allocate this additional 2,000-acre land parcel near Padirikuppam and surrounding areas aligns with the NDA alliance's promise to generate 2 million jobs over the next five years by attracting investments and fostering industrial progress in the state.

Sri City, a thriving integrated business hub located in the Tirupati district, bordering Andhra Pradesh and Tamil Nadu, is poised for significant expansion. The Andhra Pradesh government is taking steps to allocate an additional 2,000 acres of land to this high-potential business city, which has demonstrated remarkable industrial growth since its establishment about 15 years ago. In 2008, the Andhra Pradesh government had allocated 8,000 acres of land near Satyavedu and Varadaiahpalem mandals in the Tirupati district for the development of Sri City. Over the past 16 years, Sri City has transformed this underdeveloped region into a global model for industrial development in Asia. Today, Sri City is home to 220 companies from 30 countries, with cumulative exports reaching $4 billion and investments totalling $4.5 billion, reflecting the city’s phenomenal industrial progress in the last decade and a half. Major industries operating in Sri City include Mondelez International, Colgate Palmolive, Alstom Transport, Hero Motocorp, and Apollo Tyres. Another key aspect of Sri City's success is its local workforce, with 95% of the 62,000 employees working at various industrial units hailing from nearby villages. Considering these achievements, Andhra Pradesh Chief Minister Nara Chandrababu Naidu, during the inauguration of 15 industrial units established with a total investment of Rs 15.70 billion, instructed officials to focus on acquiring additional land, approximately 2,000 acre, for further expansion of Sri City. The Andhra Pradesh government's decision to allocate this additional 2,000-acre land parcel near Padirikuppam and surrounding areas aligns with the NDA alliance's promise to generate 2 million jobs over the next five years by attracting investments and fostering industrial progress in the state.

Next Story
Resources

Rustomjee Builds Model Labour Housing in Thane

In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

Next Story
Real Estate

Young and Old Fuel India’s Housing Boom

India’s housing market is witnessing a surprising surge in interest from two distinct age groups—young professionals and senior citizens. A recent consumer sentiment survey of 1,950 prospective homebuyers reveals that both 18–24-year-olds and those aged 75 and above are showing strong intent to invest in real estate, highlighting a shift in how different generations are approaching property ownership. Young professionals, driven by rising incomes and a long-term view on wealth creation, recorded a Housing Sentiment Index (HSI) score of 164. Respondents from this group indicated they are..

Next Story
Resources

AD Ports’ LNG-Powered Ro-Ro Vessel Sets Sail from Khalifa Port

United Global Ro-Ro, a joint venture between Noatum Maritime (a part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has marked a major milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC), UGR Al Samha, at Khalifa Port. This event signifies a new chapter in sustainable maritime logistics, as the deep-sea vessel will serve as a green link across trade routes spanning the Middle East, Asia, and the Mediterranean. With a cargo capacity of over 7,000 car equivalent units (CEU) across 12 decks, UGR Al Samha has been designed to optimise the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?