1 day ago
Shree Cement Proposes ₹6,700-Crore Investment in Andhra Pradesh
Shree Cement is thinking about investing ₹6,700 crore in Andhra Pradesh.
The company discussed its plans with state minister T.G. Bharat at a meeting in Visakhapatnam.
The company is interested in three districts: Kadapa, Palnadu and Anakapalli.
The investment could create work and livelihood opportunities for about 3,000 people.
The minister said the state wants to encourage industry and create jobs.
He said the government would support companies setting up businesses in the state.
The investment is proposed, so the articles do not say that it has been completed.
Shree Cement is proposing an investment of ₹6,700 crore in Andhra Pradesh.
Industries Minister T.G. Bharat said the proposal could create jobs and livelihood opportunities for around 3,000 people.
Company representatives met Bharat in Visakhapatnam to discuss expanding operations in the state.
The company is particularly interested in investing in Kadapa, Palnadu and Anakapalli districts.
Bharat said the state government was supporting industrial development and investment.
- Who
- Shree Cement Ltd and industries, commerce and food processing minister T.G. Bharat.
- What
- Shree Cement proposed investing ₹6,700 crore in Andhra Pradesh, with around 3,000 employment and livelihood opportunities expected.
- Where
- Andhra Pradesh; company representatives met the minister in Visakhapatnam. The company expressed interest in Kadapa, Palnadu and Anakapalli districts.
- When
- Not specified.
- Why
- The proposal is intended to expand the company's operations and support industrial development and employment in the state.
Key facts
- Proposed investment
- ₹6,700 crore
- Expected opportunities
- Around 3,000 employment and livelihood opportunities
- Interested districts
- Kadapa, Palnadu and Anakapalli
- Meeting location
- Visakhapatnam
- Minister
- T.G. Bharat, industries, commerce and food processing minister
- Company representative named
- Vice-chairman Prashant Babu
Sources
Related news
Andhra Pradesh Targets Rs 23 Lakh Crore Investments and 20 Lakh Jobs
Andhra Cabinet Clears Rs 22,178 Crore Investments, Infrastructure Measures
Naidu witnesses five Kuppam MoUs worth Rs 662 crore
Andhra Pradesh Highlights Investment Push at CII Regional Summit
Reliance Announces ₹1 Lakh Crore CBG Investment in Andhra Pradesh
Samvardhana Motherson Pledges ₹11,000 Crore Tamil Nadu Investment
Andhra Pradesh Minister Pledges Cabinet Proposal on Advocates Protection Act
Andhra Pradesh Promises Power Staff Families Jobs Within Four Months
Andhra Pradesh Cabinet Expands Talliki Vandanam to 68.06 Lakh Students
Naidu Discusses Andhra Pradesh Projects and Finances in Delhi
Naidu Urges Ministers to Listen Closely and Address Public Concerns
