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AP Clears 7 Projects Worth Rs. 2840 Crore

The AP State Investment Promotion Board, chaired by Chief Minister N Chandrababu Naidu, on Thursday cleared seven projects to be set up in the State with an investment of Rs. 2840.99 crore.

The SIPB meeting was held at Naidu’s residence in Amaravati. He urged the officials to focus on food processing, tourism and service sectors. The projects cleared by the SIPB include Walsin Electronic India Pvt Ltd, which plans to set up an electronics manufacturing unit in Tirupati with an investment of Rs. 734.47 crore, providing employment to around 1026.

The GM Modular Pvt Ltd plans to set up an electronics manufacturing unit in Tirupati, with an investment of Rs. 133.65 crore, providing jobs to 2230. Tecchren Batteries plans to set up an electronics manufacturing unit in Sri city, Chittoor, with an investment of Rs. 445.86 crore, providing employment to 200 people.

Veer O Metals Pvt Ltd plans to set up an electronics manufacturing unit at Gudipalle in Anantapur district with an investment of 41.94 crore to provide employment to 240 people.

The Wingtech Mobile Communications (India) Pvt Ltd plans to set up an electronics manufacturing unit in Tirupati at a cost of Rs. 1031.07 crore, providing employment to 10098.

The Indus Coffee Ltd plans to set up a freezer dried coffee unit for export purposes at SEZ, Naidupet, at a cost of Rs. 304 crore, providing jobs to 300 people.―The Hindu Business Line

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