This will include major global and domestic brands with a total investment of Rs 2,400 Cr to strengthen tourism development. The state has already introduced facilities like para-sailing, jeep para-sailing, para-motoring, water-skiing, speed boat among others at Bhavani Islands in Vijayawada.
Gayatri Energy Ventures along with JV partner Sembcorp Industries will launch the 2,640 MW power complex in Nellore district of Andhra Pradesh today. The complex houses two 1,320-MW supercritical coal-fired power plants.
Andhra Pradesh saved about 421 mn unit of power last year, an independent survey has revealed. The state government distributed 57.03 lakh LED bulbs in Anantapuram, Guntur, West Godavari and Srikakulam districts, while overall 1.75 crore bulbs were distributed so far in all the 13 districts as against the target of 1.87 crores. Two power distribution companies have submitted proposals to the government for additional 57 lakh LED bulbs to cover 100 per cent households. Once the distribution is complete the state would save a whopping 1,806 million unit annually.
India will add 2,000 MW of solar power capacity between January and March equal to the capacity added during the entire 2015. The major projects expected to be completed in these three months are in Andhra Pradesh, Telangana, Tamil Nadu and Madhya Pradesh. These projections by solar consultancy Bridge to India indicate that the country will comfortably surpass its target of 2,000 MW of solar projects for 2015-16. Already around 1,100 MW have been added in the nine months to December 2015.
Foxconn will double the smartphone manufacturing capacity at its Andhra Pradesh factory site this year. It aims to establish a campus in the state as the world’s largest contract manufacturer. Three new buildings of a total 500,000 square feet will be ready in the next five to six months and have 10 smartphone assembly lines. India has become Foxconn’s key focus since 2015 when Chairman Terry Gou visited the country and committed to invest $5 billion in Maharashtra over 5 years on a new electronics manufacturing facility.
Walmart India is planning to open 15 more cash-and-carry stores in Andhra Pradesh apart from setting up a centre for sourcing agriculture products from small and marginal farmers. Meanwhile, four leading retail chains – Walmart India, Future Group, Spencers and Arvind — have signed MoUs with the state government to invest Rs 1,500 crore in Andhra Pradesh with a commitment to generate 25,000 jobs.
SriCity Special Economic Zone has signed pacts with 11 companies, including Colgate Palmolive, pledging investment of about Rs 1,215 crore that will result in the creation of 4,000 jobs. The MoUs were signed on the occasion of CII Partnership Summit in the presence of Andhra Pradesh Chief Minister N Chandrababu Naidu. SriCity, spread over 7,500 acres, is an integrated development space consisting of a Special Economic Zone (SEZ), a domestic tariff zone (DTZ) and free trade warehousing zone.
Leading forging major Bharat Forge has announced plans to set up an integrated auto components hub in Nellore in Andhra Pradesh at an investment of about Rs 1,200 crore. Pune-based Bharat Forge is the world’s largest forging company with manufacturing facilities spread across India, Germany, Sweden and France. It manufactures a wide range of components for the automotive and non-automotive sectors. It is part of the $2.5 billion diversified Kalyani Group, which has about 10,000-strong global workforce.
Reliance has declared its intention of setting up a new shipyard on the eastern coast to build nuclear vessels and aircraft carriers. Anil Ambani has announced an initial investment of Rs 5000 crore for the ambitious project in Andhra Pradesh. The company has signed MoU with Andhra Pradesh that will give its 1,500 acres of land co-located with strategic facilities of the Indian Navy and Department of Atomic Energy.
Spanish wind turbine manufacturer Gamesa has signed a contract with Tata Power to set up a 100-mw wind power project in Andhra Pradesh. The plant is expected to be commissioned at Nimbagallu by May 2017. The turnkey project will entail supply, erection and commissioning of wind turbines by Gamesa.