The State Investment Promotion Board (SIPB) has approved 11 investment proposals in Andhra Pradesh. Chief Minister N. Chandrababu Naidu chaired the 19th SIPB meeting on Tuesday. The approved projects involve an estimated total investment of 9,076.11 INR-Crore. According to the state government, the proposals have the potential to generate 10,531 jobs across the state.
The approved projects span manufacturing, renewable energy, logistics, mining, and food processing sectors. Among the major proposals is a 2,200 INR-Crore project by the Adani Foundation in Visakhapatnam district. Mondelez India Foods Pvt Ltd will invest 1,801 INR-Crore in a food processing unit at Sri City in Tirupati district. Additionally, Akshat Greentech has secured approval for an estimated 1,600 INR-Crore solar cell and module manufacturing unit at Parawada in Anakapalle district. Berry Alloys Ltd will invest 1,200 INR-Crore in an integrated manganese sinter, DRI and carbon paste plant at the Bobbili Growth center. Further, Eco Box Industrials Asset IV Pvt Ltd has received approval for a 1,008 INR-Crore logistics and light industrial park in Visakhapatnam, while Geo Mysore India Pvt Ltd will develop a 689 INR-Crore gold mining project in Kurnool district.
Also Read: Tata Power receives LoI for Karnataka transmission project
The Andhra Pradesh SIPB projects are expected to strengthen industrial development across multiple sectors. Additionally, the approved investments will expand manufacturing, logistics, mining, renewable energy, and food processing infrastructure in the state.
Biltrax Construction Data is tracking 39,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
