Particle.news
Download on the App Store
17 ARTICLES
·
4w ago

Andhra Pradesh Approves ₹80,000 Crore in New Investments, Elevates UAE Partnership

Building on SIPB clearances, an Investopia MoU, the cabinet initiative fast-tracks sector policies to anchor Andhra Pradesh in the India-UAE economic corridor.

Image
Image
Image

Overview

  • The Andhra Pradesh cabinet ratified investment proposals exceeding ₹80,000 crore, with projected employment for more than 150,000 people.
  • The State Investment Promotion Board approved four projects worth ₹20,216 crore, including major data centre and IT park developments expected to create around 50,600 jobs.
  • A memorandum of understanding with Investopia secured commitments from UAE Economy Minister Abdulla Bin Touq Al Marri to foster partnerships in seaports, agriculture, digital technology, and renewable energy.
  • Fifteen sector-specific policies were introduced to offer incentives, streamline approvals, and accelerate the state’s business climate.
  • Plans were affirmed for a Quantum Valley launch by January 2026 in collaboration with IBM, TCS, L&T to position Andhra Pradesh as a high-tech hub.