AP cabinet to meet today, to approve major investments and development projects
The Andhra Pradesh Cabinet is scheduled to convene at 11am on Tuesday, where it is expected to approve investments totalling Rs 28,546 crore for 19 projects that were greenlit during the recent 7th State Investment Promotion Board (SIPB) meeting. A significant item on the agenda is the discussion surrounding the establishment of Cognizant in Visakhapatnam.
In addition, the Cabinet will review plans to invite tenders for the development of infrastructure across 1,450 acres within the Amaravati Government Complex, estimated to cost Rs 1,052 crore. Another critical proposal involves inviting tenders for the connection of the Seed Access Road to National Highway 16, estimated at Rs 682 crore.
Moreover, the Cabinet is likely to explore land allotments to various organisations and is anticipated to address the acquisition of an additional 44,000 acres through land pooling in the second phase of the Amaravati project. This discussion coincides with the coalition government's completion of one year in power.
Also on the table will be the Aerospace and Defence Policy, with recommendations for the establishment of two new urban development organisations in the state as part of a broader reorganisation initiative. Approval for these measures is likely to be secured during the forthcoming Cabinet meeting.
Additionally, the Cabinet will deliberate on the operational details of the Annadata Sukhibhava scheme. Following the meeting, it is expected that Chief Minister Chandrababu Naidu will engage with ministers regarding the latest political developments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
30 minutes ago
- Business Standard
Eureka Forbes allots 5,659 equity shares under ESOP
Eureka Forbes has allotted 5,659 equity shares under ESOP on 24 June 2025. With this allotment, the paid-up capital of the Company has increased from Rs. 1,93,48,61,570 divided into 19,34,86,157 number of equity shares of face value Rs. 10/- each to Rs. 1,93,49,18,160 divided into 19,34,91,816 number of equity shares of face value Rs. 10/- each.
Business Standard
30 minutes ago
- Business Standard
Mahindra Lifespace edges higher after launching redeveloped housing project in Malad
Mahindra Lifespace Developers advanced 1.23% to Rs 362.45 after the company announced the launch of its redeveloped residential project Mahindra 'Codename64' in Malad (West), Mumbai. 'Codename64 project hosts various 2 and 3 BHK residences along with approximately 2.2 acres of recreational space. It offers seamless access to upmarket social infrastructure and is well connected by roads and offers access to public transport. Vimalendra Singh, chief business officer Residential, Mahindra Lifespace Developers, said: "Mahindra Codename64 is more than a project launch. It reflects our deepening commitment to Mumbais urban transformation. As we step into the citys redevelopment space, our focus is on creating homes and communities that stand the test of time." Mahindra Lifespaces Developers is the real estate arm of the Mahindra Group. The companys development footprint spans 41.11 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations.
New Indian Express
33 minutes ago
- New Indian Express
Telangana government failed to implement farm loan waiver: Minister Kishan
HYDERABAD: Union minister and BJP state president G Kishan Reddy alleged that despite Central government's efforts, the state government failed to implement the assured Rs 2 lakh farm loan waiver scheme effectively. Addressing the media after chairing the State Level Bankers Committee (SLBC) meeting here on Monday, Kishan Reddy said that around 15,000 eligible farmers were registered with Telangana Grameena Bank. But, funds were not credited to them for the crop loan waiver, he said. Several farmers who took farm loans below Rs 1 lakh were yet to benefit from the loan waiver scheme, he alleged. Kishan Reddy urged the state government to act swiftly, collect accurate information from banks and ensure that eligible farmers receive their crop loan waiver benefits. Kishan Reddy noted that there was a growth in agricultural loans since 2013–14. At that time, the total agricultural loan disbursal in Telangana stood at Rs 27,676 crore. By 2024–25, that figure had increased to Rs 1,37,346 crore — almost a fivefold increase in 11 years, he said and highlighted the Centre's commitment to supporting farmers in Telangana. The meeting mainly reviewed the performance of banks in implementing Central schemes. He reviewed agricultural loans, PM Mudra Loans, PM Vishwakarma Yojana, PM SVANidhi, Stand-Up India and other initiatives. He instructed the officials to prepare detailed information on Vishwakarma Yojana.
