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Advanced System successful Package Technologies Private Limited volition put ₹2,388 crore to found an outsourced semiconductor assembly and trial (OSAT) installation astatine Tarluvada successful Visakhapatnam district, creating 1,000 nonstop jobs. This is among respective mega invsetment proposals cleared by the Andhra Pradesh Cabinet connected Tuesday.
The project, approved nether the Andhra Pradesh Semiconductor and Display Fab Policy (4.0) 2024–29, marks the archetypal semiconductor manufacturing portion successful the State to beryllium cleared nether the India Semiconductor Mission framework, the officials said.
The decisions were taken astatine the Cabinet gathering chaired by Chief Minister Nara Chandrababu Naidu astatine the Secretariat successful Amaravati.
The Cabinet besides approved allotment of 30 acres for the semiconductor portion and extended peculiar incentives, noting that the task exceeds minimum eligibility norms and is expected to make important indirect employment portion strengthening the State’s high-tech manufacturing ecosystem.
In different large exertion push, the Cabinet approved proposals related to Adani Infra (India) Limited for mounting up a 1,000 MW AI information centre clump successful Visakhapatnam and Anakapalli districts. About 601.4 acres volition beryllium allotted to 3 Special Purpose Vehicles (SPVs) — Vizag Hyperscale, Vizag Mega and Vizag Rambilli Data Centre Park — with regulatory facilitation and inducement reappraisal by an Executive Steering Committee.
Highlighting the broader concern climate, the State Investment Promotion Board (SIPB), which has met 15 times since July 2024, has truthful acold approved 240 projects worthy ₹9,05,391 crore with employment imaginable for 8.58 lakh people.
At its February 18 gathering alone, projects worthy ₹29,021 crore with 23,407 jobs were cleared crossed renewable energy, nutrient processing, electronics and tourism.
Clean energy
In the vigor sector, approvals were granted for aggregate wind, star and hybrid projects, including a 900 MW star task by NTPC Renewable Energy Limited successful Kurnool district, and upwind powerfulness allocations totalling 320 MW successful Anantapur territory nether the A.P. Integrated Clean Energy Policy 2024.
The Cabinet besides cleared incentives for respective hospitality and tourism projects successful Visakhapatnam, Rajamahendravaram, Amaravati, Tirupati and Chirala, too approving a caller authorities women’s grade assemblage successful Srirangarajapuram mandal of Tirupati territory from the 2026–27 world year.
Emphasising connected “Speed of Doing Business,” the Chief Minister directed the departments to guarantee time-bound grounding of approved projects, follow emerging technologies, including Artificial Intelligence for transparent clearances, and fortify inter-departmental coordination to boost capitalist assurance and semipermanent economical growth.
