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
Infrastructure Transport

Kolkata Conducts Successful Trial Run on Noapara-Airport Metro Route

Kolkata’s metro network is set for a major expansion as the first trial run on the Noapara-Airport Metro route was successfully conducted on January 25, 2025. Covering a 7.04 km stretch of the Yellow Line, this trial marks a significant step toward the route’s full operational launch, expected by mid-2025. The new metro extension will connect Noapara to Jai Hind Biman Bandar (Kolkata Airport), easing travel for thousands of daily commuters. The trial run, which began at Noapara at 12:09 PM, made stops at Dum Dum Cantonment and Jessore Road before reaching the airport station at 12:31 PM. T..

Next Story
Infrastructure Transport

BBMP Invites DPR Bids for KR Tunnel and 10 Elevated Corridors

The Bruhat Bengaluru Mahanagara Palike (BBMP) has invited bids for the preparation of a Detailed Project Report (DPR) for a second tunnel road between KR Puram and Nayandahalli, spanning 28 km. This move comes amid ongoing criticism from environmentalists, urban mobility experts, and civic groups against the proposed 18 km twin-tube tunnel road from Hebbal to Silk Board. The new tunnel road is proposed along a route already served by the Purple Line of Bengaluru Metro (Whitefield-Challaghatta via KR Puram and Nayandahalli). Additionally, BBMP has sought DPR bids for multiple elevated corr..

Next Story
Infrastructure Urban

Tyre Industry Seeks Ban on Scrap Tyre Imports Amid Surge

The Automotive Tyre Manufacturers Association (ATMA) has urged the government to impose an immediate ban on waste tyre imports, citing a more than fivefold increase since FY21 and growing environmental concerns. According to Ministry of Commerce data, imports of waste and scrap tyres have surged from 264,000 metric tonnes in FY21 to 1.398 million metric tonnes in FY24. In its pre-budget submission, ATMA Chairman Arnab Banerjee highlighted that the rising imports contradict India's Extended Producers Responsibility (EPR) Regulation on Waste Tyres, implemented in July 2022. The regulation i..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000