Andhra Pradesh's Strategic Investment Surge: A New Era of Economic Growth
The Andhra Pradesh cabinet approved investment proposals totaling Rs 80,000 crore, targeting major infrastructure and technology enhancements. With plans for the Vizag and Vijayawada metros, as well as massive land allocations for tech industries, the initiatives are set to create 1.5 lakh jobs and position the state as an investment hub.
- Country:
- India
In a significant boost to its economic landscape, the Andhra Pradesh cabinet has approved investment projects worth Rs 80,000 crore, as announced by Information and Public Relations Minister K Parthasarathy on Thursday.
Among the major developments are the approvals for the Vizag and Vijayawada metro rail projects, with a combined worth of over Rs 20,000 crore. These infrastructural enhancements aim to bolster connectivity and encourage further investments in the region.
Additionally, the cabinet cleared strategic land allocations to major tech firms in Visakhapatnam, positioning it as a future data hub and cloud computing center. The initiatives are projected to generate around 1.5 lakh jobs, further strengthening Andhra Pradesh as a prime destination for investors.
(With inputs from agencies.)
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