Chief Minister Chandrababu Naidu has cleared 9 mega industrial projects. The Investment Promotion Board, headed by Chief Minister has cleared this. The total investment of these 9 mega projects are of Rs.7,330 Crore. Through these 9 mega projects, employment opportunities will be created to about 10,045 people.
Below are the projects:
- Greenply Industries which produce Medium Density Fiberboard (MDF) will set up its unit in Chittoor district, with an investment of Rs.758 crore. They would provide employment to 225 people.
- Deccan Fine Chemicals will set up Chemical production unit in Visakhapatnam district, with an investment of Rs.1200 crore. They would provide employment to 400 people.
- Enlivening Technologies will set up Aerospace and Defense Cluster in Anantapur, with an investment of Rs.570 crore. They would provide employment to 650 people.
- Suzion Energy will set up Renewable Energy Equipment cluster in Anantapur, with an investment of Rs.545 crore. They would provide employment to 2500 people.
- Bharat Forge will invest Rs.1,400 crore to set up an automotive Industrial park in Anantapur district. They would provide employment to 3645 people.
- Arrow Cables Company will set up power distribution products unit in Krishna district, with an investment of Rs.510 crore. They would provide employment to 400 people.
- CCL Products (India) also will setup food processing unit in Chittoor district, with an investment of Rs.260 crore. They would provide employment to 125 people.
- Indian Global Company will set up gold refinery unit in Krishna district, with an investment of Rs.87 crore. They would provide employment to 100 people.
- Kothavalasa Infra Ventures will set up an industrial park in Vizianagaram district with an investment of Rs.2,000 crore. They would provide employment to 2000 people.