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Andhra Pradesh Cabinet Approves Rs 35,000 Crore Investments Across Sectors

The state government clears 28 projects to boost job creation, renewable energy, education, and farmer support initiatives.

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Overview

  • The Andhra Pradesh cabinet approved 28 investment proposals worth over Rs 35,000 crore, projected to generate nearly 41,000 jobs across the state.
  • Key projects include Rs 9,246 crore investments by Deccan Fine Chemicals, Bharat Electronics Ltd, and others, creating 7,766 jobs, and a Rs 9,000 crore solar power project by Bondada Engineering Ltd, expected to generate 3,900 jobs.
  • A new legal education university, India International University of Legal Education and Research, will be established in Amaravati, along with 2,260 new posts for special education teachers to enhance inclusivity in education.
  • The cabinet approved major hospitality projects, including IBIS and Novotel hotels in Tirupati with a Rs 327 crore investment, and cleared land allocations for industrial parks and renewable energy projects.
  • A six-member ministerial sub-committee was formed to monitor agricultural produce and ensure fair prices for farmers, addressing challenges from volatile crop markets.