Nod For Several Major Industries In Andhra Pradesh

Tadepalli/Hyderabad, Feb 7 (Maxim News): The Andhra Pradesh State Investment Promotion Board (APSIPB) today approved the proposals of several major industries in the state.

This includes Rs. 498.84 crore ethanol manufacturing unit of Avisa Foods and Fuels company at Mallavalli Park in Krishna district. Rs. 3,400 crore expansion project of Andhra Paper Mills at Kadiyam, new Energy Park of NTPC at Pudumadaka near Anakapalle with an investment of Rs. 1.1 lakh crore, electro steel casting units at a cost of Rs. 1087 crore at Srikalahasti and Punganur, a minerals processing factory to manufacture copper cathode, copper rod, sulphuric acid, and others with an investment of Rs. 10,000 crores by Accord Group at Ramayapatnam. 1000 mW wind and solar power projects at Kurnool, Nandyal, Anantapur, and Satyasai districts with a total investment of Rs. 10,500 crores, a 100 MW data center at Kapuluppada in Visakhapatnam at a cost of Rs, 7,210 crores and IT Park on 90 acres at Bhogapuram.

Chief Minister Y.S.Jagan Mohan Reddy who chaired the meeting directed the officials to extend all cooperation to the industrialists and ensure that the construction of the units was completed in time. He also said that according to government policy, 75 percent of the jobs in the units should be given only to local people.

jagan Mohan Reddy revealed that the government earned at the rate of Rs. 31,000 per acre on annual lease and also Rs. One lakh for every megawatt of power supplied to companies. (Maxim News)

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