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The Hindu
a day ago
- Business
- The Hindu
Amaravati will emerge as Green Hydrogen Valley, says Chandrababu Naidu
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Friday declared that Amaravati, the capital city of the State, will be developed as a Green Hydrogen Valley, positioning it at the forefront of India's clean energy revolution. Speaking at the Green Hydrogen Summit-2025 held at SRM University, located at the foothill of Neerukonda, a small hill in Amaravati, the Chief Minister called upon researchers and investors to focus on low-cost green hydrogen production and assured necessary infrastructure support from the government. Mr. Naidu emphasised the urgency to shift from traditional fossil fuels to carbon-free energy sources like green hydrogen, highlighting its potential to reduce costs and benefit the common man. He noted that green hydrogen would be a game-changer for the energy sector, supporting India's net-zero carbon target by 2070. Two major projects Two major investment deals worth ₹51,000 crore were signed at the summit in Mr. Naidu's presence. UK-based Yamna Company, which focused on developing and investing in green hydrogen and green ammonia projects, will invest ₹16,000 crore to establish a one-million-tonne capacity green hydrogen plant in Krishnapatnam, Nellore district. Similarly, KSH Infra will invest ₹35,000 crore to set up plants in Machilipatnam with a capacity of 150 kilotonnes of green hydrogen and 600 kilo tonnes of green ammonia per year. The Chief Minister stated that Andhra Pradesh is already advancing in this direction, with NTPC setting up a green hydrogen plant in Visakhapatnam and green ammonia production soon to begin in Kakinada. The State has set a target of producing 160 MW of green hydrogen and is developing electrolyser capacity of 3 GW alongside solar, wind, and pumped hydro energy. Mr. Naidu announced that a Quantum Valley powered by artificial intelligence will be established in Amaravati and that the Amaravati Green Hydrogen Declaration will be released after the two-day summit being held at SRM University. A review of its implementation will be held after one year, he added. The university Pro-Chancellor Dr. P. Sathyanarayanan said that they would focus on green energy research and development by partnering with the stakeholders. Union Minister of State for Rural Development Pemmasani Chandra Sekhar said that the Prime Minister Narendra Modi has been giving priority to non-corban energy and providing incentives for researchers and industrialists, with an aim to reduce the dependence on imported fossil fuels. Chief Secretary K. Vijayanand, NITI Aayog member V.K. Saraswat and others spoke on various aspects of green hydrogen. Many industrialists, eminent scholars and government officials participated in the programme.
Time of India
11-07-2025
- Business
- Time of India
KSH Infra to invest over Rs 550 crore in 60-acre logistics park in Tamil Nadu
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Warehousing and logistic parks developer KSH Infra is planning to invest more than Rs 550 crore to build its second industrial and logistics (I&L) park in Tamil Nadu, boosting its total investment in the state to more than Rs 1,000 company forayed into south India last year, with an investment of more than Rs 450 crore to develop its first park on a 50-acre land parcel in Hosur The second warehousing facility spanning 60 acres will be built in the Sriperumbudur-Oragadam corridor with a development potential of 1.6 million sq ft, adding to the 1.25 million sq ft at Hosur park.'At KSH Infra, we began with a vision to build Industrial & Logistics parks across four key cities like Pune, Mumbai, Bangalore, and Chennai,' said Rohit Hegde, managing director, KSH Infra. 'With our presence established in three of these markets, we are on our way to realising that vision. Over the next 2 to 3 years, our goal is to scale up to over 10 million square feet of high-quality, sustainable infrastructure across these high-growth corridors.'Construction of the new park is likely to begin by March-April 2026, and the development is estimated to generate over 1,500 project will cater to evolving needs of global and domestic manufacturers, particularly across the automotive, electronics, and engineering Sriperumbudur–Oragadam belt is already home to manufacturers like Hyundai, Essar Steel, Apollo Tyres , Michelin, Bridgestone, MRF , Foxconn, Flextronics, Dell, Samsung and Nokia. The location is fast evolving into a multi-sectoral industrial Infra has so far invested more than Rs 2,000 crore in developing six industrial and logistics parks, with around 4 million sq ft grade A space successfully developed in Pune's Talegaon and Chakan areas. An additional around 3 million sq ft is currently under company has previously raised capital from key global investors such as Hong Kong's Pacific Century Group, US-based Morgan Stanley Real Estate Investing (MSREI), and Singapore's Mapletree Investments, and India's in the industrial & logistics segment have remained strong led by rising demand for this asset class supported by the ongoing decentralisation of manufacturing capacity from China, coupled with government initiatives such as 'Make in India' and 'Production Linked Incentive (PLI) schemes.A favourable regulatory backdrop along with the government's support through policy and reforms are further expected to boost infrastructure spending, and in turn overall demand for modern logistics among developers, owners, operators, and investors in this asset class has remained high, owing to the rapidly increasing need for last-mile deliveries and logistics.
