Andhra Pradesh Cabinet Approves Massive Rs 1.4 Lakh Crore Investment Proposals
The Andhra Pradesh cabinet has approved investment proposals worth over Rs 1.4 lakh crore across multiple sectors, including major projects by Reliance Industries and Apollo Tyres. This move aims to boost industrial growth and employment in the state, with significant projects in clean energy, manufacturing, IT, and infrastructure.
The Andhra Pradesh cabinet, chaired by Chief Minister N Chandrababu Naidu, has greenlit investment proposals exceeding Rs 1.4 lakh crore in varied industries, notably Reliance Industries' AI data centre in Visakhapatnam.
The cabinet's 49th meeting saw key approvals in industrial, energy, IT, and food processing sectors. These decisions are poised to spur investments, employment, and industrial growth statewide, according to State Information and Public Relations Minister K Parthasarathi.
Significant allocations include 855 acres for Reliance's AI data centre linked with a cable landing station, amounting to over Rs 1.08 lakh crore, and approvals for solar and green energy projects, reflecting a robust push towards sustainable development and job creation in Andhra Pradesh.
(With inputs from agencies.)
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