5 months ago
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The Andhra Pradesh Cabinet has fixed the greenish awesome for respective cardinal projects and concern proposals aimed astatine boosting infrastructure, h2o management, and employment procreation successful the State.
Addressing the media astatine the Secretariat connected Thursday, Information and Public Relations (I&PR) Minister Kolusu Parthasarathi said that the State Cabinet, chaired by Chief Minister N. Chandrababu Naidu, connected Thursday approved respective large projects and concern proposals worthy ₹9,500 crore, aimed astatine strengthening infrastructure, municipality h2o management, and employment generation.
The Cabinet approved the proposals cleared by the State Investment Promotion Board (SIPB) and Andhra Pradesh Capital Region Development Authority (CRDA). The Cabinet approved tenders worthy ₹532 crore for connecting the Seed Access Road to National Highway-16, improving roadworthy connectivity successful the capital.
Key operation projects successful Amaravati, including Lok Bhavan and the Assembly Darbar Hall, received the greenish signal. Additionally, approvals were granted for the Governor’s Office guesthouses and unit quarters, arsenic good arsenic onshore allocations to aggregate institutions.
The Cabinet cleared 14 large concern proposals with investments exceeding ₹15,000 crore crossed SEZs, manufacturing, pharmaceuticals, MSMEs, renewable energy, and agro-processing.
These units are expected to make thousands of jobs and fortify the State’s concern base. Notable investments see ReNew Photovoltaics’ star PV manufacturing unit, ample SEZ expansions, chemic and API manufacturing units, and cloth parks.
In the IT, electronics, and quantum-tech segment, the Cabinet approved 11 proposals amounting to ₹1,421 crore, promising employment to much than 3,000 people. Companies specified arsenic QpiAI, Qubitech, Cybranex, QuBeats, Centella Scientific, and respective IT/ITeS firms received approvals nether the IT, Electronics, and LIFT policies.
Notably, the ₹1,140-crore PCB manufacturing task by CIPSA TEC India was besides approved, marking a large boost to the electronics manufacturing sector.
The Cabinet approved aggregate tourism and taste improvement proposals nether YAT&C, aimed astatine promoting practice conservation, tourism infrastructure, and taste programmes.
In concern promotion, the Cabinet cleared aggregate cardinal proposals nether the SIPB and the State Investment Promotion Council, approving investments worthy astir ₹20,000 crore crossed 26 companies, expected to make important nonstop and indirect employment opportunities, helium added.
