24-07-2025
A.P. Cabinet approves ₹80,000 crore investment proposals
Proposals involving over ₹80,000 crore worth of investments were ratified, with the potential to generate more than 1.5 lakh new jobs across sectors, in a landmark e-Cabinet meeting chaired by Andhra Pradesh Chief Minister N. Chandrababu Naidu at the State Secretariat here on Thursday.
The State government approved a series of investment, infrastructure, and policy decisions aimed at rapid industrial growth and inclusive development, informed Kolusu Parthasarathy, Minister for Information & Public Relations, at a press conference after the Cabinet meeting. He said that the resolutions reflected the coalition government's dual commitment to welfare and development, laying strong policy foundations for the State's economic future.
Electronic Components Policy
A major highlight was the approval of the Andhra Pradesh Electronic Components Manufacturing Policy 4.0 (2025–30), which aims to attract significant domestic and global investments in the electronics ecosystem. The State will offer a host of incentives including upfront and matching subsidies, interim support, and plug-and-play manufacturing facilities in identified zones such as Sri City, Orvakal, Kopparthi, and Hindupur.
Land allotments
Several land allotments and incentive packages were cleared for IT and infrastructure development in Visakhapatnam. These include: 0.45 acres to Phenom People Pvt. Ltd. for an IT campus at Rushikonda with ₹207 crore investment and 2,500 job potential, 3.6 acres to Sify Infinit Spaces Ltd. at Madhurawada and 50 acres at Paradesipalem for a ₹16,466 crore project, employing 600, an extent of 30 acres to Sattva Developers Pvt. Ltd. for a ₹1,500 crore IT park to create 25,000 jobs, 10.29 acres to ANSR Global Corporation Pvt. Ltd. for a ₹1,000 crore campus promising 10,000 jobs, and 30 acres to BVM Energy and Residency Pvt. Ltd. for a ₹1,250 crore project generating 15,000 jobs.
Land Regularisation Scheme
The Cabinet also approved amendments to the Land Regularisation Scheme (LRS-2020) and sanctioned further land pooling up to 1,941 acres in Anakapalli and across the Visakhapatnam-Vizianagaram-Anakapalli region under the 2016 land pooling regulations.
Water infrastructure and septage management projects under AIIB funding were also cleared.
Several key industrial investment proposals were ratified, including those from Sreeja Mahila Producer Company Ltd., JSW AP Steel Ltd., Greenlam Ltd., Axxelent Pharma Science Pvt. Ltd., Agastya Energy Industries Private Limited (AEIPL), Renew Photovoltaics, Laurus Labs, and Ace International.
Power projects
Energy sector decisions involved approvals for biogas, solar, wind, and pumped storage power projects, including cancellations of delayed ones and project reallocations. In a notable green energy push, the Cabinet cleared the Amaravati Green Hydrogen Valley declaration.
In Kadapa district, JSW Neo Energy Ltd. received the approval to shift 400 MW of its sanctioned solar capacity to Sunnapuralapalle and nearby villages.
Urban development gained momentum with approvals for Phase-1 of metro rail projects in Visakhapatnam worth ₹11,498 crore and Vijayawada amounting to ₹10,118 crore, with tenders for 40% of the project cost set to be floated.
