AP: SIPB clears investment proposals for establishing heavy industries; 75% jobs reserved for locals

Chief Minister YS Jagan Mohan Reddy, who presided over the SIPB meeting, directed the officials to take all necessary steps to stand by the industrialists and investors and ensure that all projects are launched within the stipulated time.

He told them to ensure that 75 percent of the jobs in all emerging industries should be given to locals as per the law enacted. He directed the officials to set up a state-of-the-art IT Park at Bhogapuram in an area of 90 acres.

The proposals cleared by the Board include:

-Avisa Foods and Fuels would establish Rs 498.84 crore ethanol manufacturing unit at Mallavalli Park in Krishna District to produce 500-kilo liters of ethanol daily and would employ 3300 persons directly and indirectly. The work is proposed to begin by June and complete in one year.

-Andhra Paper Mills at Kadiyam will go for an expansion with an investment of Rs. 3400 crore. The expansion would be completed by 2025 and would provide direct employment to 2100 persons.

-NTPC would set up New Energy Park at Pudimadaka in the Anakapalli district to produce products of Green Hydrogen, Green Ammonia, Green Methanol, and Hydrogen with a total investment of Rs. 1,10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore. The first and second phases of the Park with employment opportunities to 30,000 and 31,000 persons would be completed by 2027 and 2022 respectively.

-Electro Steel Casting Ltd would set up two factories at Sri Kalahasti and Punganur to manufacture Ferro Alloys and DI pipes with an investment of Rs. 1087 crore providing direct employment to 2350 persons. Out of this, Rs. 915.43 crore would be invested at Sri Kalahasti and construction of both factories would be completed by December 2023.

-The Accord Group would set up a factory at Ramayapatnam with an investment of Rs. 10,000 crore to make special minerals like copper cathode, copper rod, sulfuric acid, and selenium. This will provide direct employment to 2500 persons and the factory work will begin in May 2023 and be completed by June 2025.

-JSW Aluminium Ltd, which has withdrawn its proposal to set up an Aluminum factory in the backdrop of the YSRCP Government banning bauxite mining in the state, proposes to set up an MSME Park in the acquired 985 acres of land.

-Encore Energy India Pvt Ltd would set up wind and solar power projects with 1000 MW capacity each in Anantapuram, Sri Satyasai, Nandyala, and Kurnool districts in four phases with an investment of Rs. 10,500 crore. These power units, scheduled to be completed by March 2027, will employ 2000 persons.

-Vizag Tech Park Ltd would establish a 100 MW Data Centre at Kapuluppada in three years with an investment of Rs. 7,210crore by setting up a 10 MW capacity unit in the first phase. This will provide direct employment to 14,825 persons and indirect employment to 5,625 persons. This is in addition to the 200 mg data park which is already coming up.

-Wing Tech Mobile Communications India Pvt Ltd would set up a unit at Tirupati to manufacture semiconductors and optical modules with an investment of Rs. 1489.23 crore which will employ 15000 persons.