6 months ago
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Chief Minister N. Chandrababu Naidu announced the signing of a Memorandum of Understanding (MoU) betwixt the Government of Andhra Pradesh and the Hinduja Group for a cumulative concern of ₹20,000 crore, during his circuit of the United Kingdom (U.K.) connected Monday (November 3). He said successful a station connected ‘X’ that these investments would accelerate the State’s concern and cleanable vigor growth.
The MoU was signed successful the beingness of Ashok P. Hinduja, chairperson of the Hinduja Group, Prakash Hinduja, chairperson of Hinduja Group Europe and Vivek Nanda, CEO of Hinduja Investments & Project Services Ltd.
The CM said the cardinal initiatives nether the MoU see expanding the existing 1,050 MW Hinduja National Power Corporation Ltd. (HNPCL) works successful Visakhapatnam by an further 1,600 MW (2×800 MW), improvement of ample star and upwind projects to fortify A.P.’s cleanable vigor capacity, mounting up of a state-of-the-art electrical autobus and airy conveyance works to boost sustainable mobility and constitution of a web of EV charging stations to enactment the State’s greenish transport ecosystem.
Mr. Chandrababu Naidu, successful a abstracted meeting, called connected Nikki Grady-Smith, radical main translation serviceman of Rolls-Royce. The duo discussed concern opportunities successful A.P., particularly successful civilian aviation maintenance, repair and overhaul (MRO) facilities and powerfulness systems for upcoming information centers, including some accepted powerfulness solutions and tiny modular reactors to guarantee reliable and sustainable vigor supply.
The CM besides highlighted the imaginable for a subject airstrip and an MRO portion astatine Orvakal and suggested exploring the anticipation of establishing Global Capability Centers successful Visakhapatnam and Tirupati and processing an aviation ecosystem and an MRO installation adjacent Bhogapuram airport.
Later, Mr. Chandrababu Naidu met SRAM & MRAM Group chairperson Shailesh Hiranandani, which was followed by a gathering with Samko Holdings Ltd. chairperson Sampath Kumar Mallaya. The SRAM & MRAM Group expressed involvement successful establishing semiconductor and precocious packaging units successful the State.
The CM met Octopus Energy planetary affairs radical manager Chris Fitzgerald and deliberated connected the concern opportunities successful the cleanable vigor assemblage and the scope for collaboration successful renewable energy, information analytics and astute grid management.
