AP Gets ₹ 85000 Cr Investments, List Here!

The Andhra Pradesh government is determined to transform the state into an investment hub. Chief Minister Chandra Babu Naidu and IT Minister Lokesh are working towards this goal. As part of this effort, the State Investment Promotion Board approved investments worth Rs. 85,000 crores during its first meeting at the AP Secretariat.

This significant investment will support the establishment of ten new industries, creating job opportunities for approximately 34,000 youth.

ArcelorMittal Nippon India Pvt Ltd plans to set up a steel plant in Nakkapally for Rs. 61,780 crores, which will generate 21,000 jobs. Kalyani Strategy Systems Limited has also been permitted to invest Rs. 1,430 crores, which will create 565 jobs. LG Electronics Private Limited will invest Rs. 5,001 crores, creating 1,495 jobs.

The details of the investments are below:

Minister Nara Lokesh expressed that within five months of the TDP government coming to power, strategic efforts have begun to meet the promises made during the Yuvagalam Padayatra. He further highlighted that prominent companies like ArcelorMittal, Reliance Renewable Energy, TCS, and Serentica Global are showing interest in investing in Andhra Pradesh.