Andhra Pradesh govt nod for 8 major industrial units with investment of Rs. 13,000 cr, to generate 10,000 jobs

AMARAVATHI: Chief Minister YS Jagan Mohan Reddy on Tuesday asked officials to strictly enforce the specially enacted law that provided 75 per cent jobs to locals in private and Government-sponsored industries in the State.

Presiding over the State Investment Promotion Board (SIPB) meeting at the Camp Office here, the Chief Minister said that the District Collectors should monitor the implementation of the Act and send reports every six months.

The SIPB approved several new projects at its meeting.

JSW Neo Energy got a green signal to set up 1,500 MW hydro-storage power project with an investment of Rs. 8,104 crore at Bakkannavari Palli of Vempally Mandal in YSR district.

It will produce 3,314.93 million units of power every year and provide employment to 1,500 persons. It will start the work in December 2024.

Hero Future Energies-affiliated company Clean Renewable Energy will set up 225 MW solar unit at Kotapadu in Nandyala district and 150 MW wind power units at Boyala Uppuluru in Anantapur district and in Nandyal and YSR districts.

The Company will invest Rs.2,450 crore and start works in October 2023 completing the last phase in 2025 and providing employment to 375 persons.

The SIBP also approved setting up a hotel and resort at Annavaram in Visakhapatnam district by May Fair Hotels with an investment of Rs.525 crore providing direct and indirect employment to 750 persons. The hotel project, consisting of villas, shopping mall and golf course, will be completed in four years.

It has also okayed the proposal of Hyatt Group to set up Hyatt International Hotel at Peruru near Tirupati with an investment of Rs. 218 crore providing direct employment to 260 persons and indirect employment to 1,296 persons. It will be completed in three years.

CCL Food and Beverages got the green signal to set up its unit at Krishnapalem near Achtutapuram in Visakhapatnam district with an investment of Rs.1,200 crore providing employment to 1,800 persons.

The SIPB also approved proposals of CCL Food and Beverages to set up its unit at Varadayapalem in Tirupati District with an investment of Rs. 400 crore and it will provide direct and indirect employment to 950 persons and benefit 2,500 farmers growing coffee. It will produce 16,000 tons of coffee every year.

Gokul Agro Resources will set up edible oil making unit at Krishnapatnam in Nellore district with an investment of Rs. 230 crore. It will provide direct and indirect employment to 1,200 persons, besides benefiting 2,500 farmers.

Gokul Agro will also set up coco butter and powder making unit at Sri City in Tirupati district with an investment of Rs.168 crore providing direct employment to 250 persons and indirect employment to 800 persons, besides benefiting 3,000 farmers.