2 days ago
North Andhra Attracts Major Investments Across Technology, Industry
North Andhra is getting many new business projects.
These projects are being planned in Visakhapatnam, Vizianagaram and Srikakulam.
They include technology companies, factories, tourism projects and renewable-energy plants.
A large Google data centre is also planned in the region.
A new airport at Bhogapuram is expected to improve travel and cargo connections.
A steel plant is being built at Nakkapalli.
The state government says supportive policies and faster project approvals are helping attract investors.
A new AIG Hospitals complex in Visakhapatnam is expected to create 9,000 jobs.
Visakhapatnam, Vizianagaram and Srikakulam are attracting large investments across multiple sectors.
Projects include data centres, IT companies, tourism developments, manufacturing units, logistics facilities and renewable-energy plants.
The planned Google data centre, valued at $15 billion, is among the region’s prominent investments.
The ArcelorMittal Nippon Steel India plant and Alluri Sitarama Raju International Airport are expected to strengthen industry and connectivity.
A proposed AIG Hospitals healthcare and research hub in Visakhapatnam is being developed with a Rs.2,000-crore investment and is expected to create 9,000 jobs.
- Who
- The Andhra Pradesh government, industrialists, investors and companies including Google, ArcelorMittal Nippon Steel India and AIG Hospitals.
- What
- North Andhra is receiving announced and ongoing investments in technology, industry, infrastructure, tourism, healthcare, logistics and renewable energy.
- Where
- North Andhra, particularly Visakhapatnam, Vizianagaram and Srikakulam, with projects also mentioned at Bhogapuram and Nakkapalli.
- When
- The article says the investment inflow has continued for more than two and a half years; specific completion dates are not given.
- Why
- The article attributes the investment surge to conducive government policies, project support, faster execution and improved connectivity.
Key facts
- Main investment locations
- Visakhapatnam, Vizianagaram and Srikakulam
- Google data centre investment
- $15 billion
- AIG Hospitals project investment
- Rs.2,000 crore
- Expected AIG Hospitals employment
- 9,000 jobs
- Steel project
- ArcelorMittal Nippon Steel India integrated greenfield steel plant at Nakkapalli
- Airport project
- Alluri Sitarama Raju International Airport at Bhogapuram
- Key sectors
- IT, data centres, tourism, infrastructure, manufacturing, logistics, renewable energy and healthcare
Quotes
Gadagottu Sambasiva Rao
Vice-Chairman of the Confederation of Indian Industry
“No wonder, the state government, under the able leadership of N. Chandrababu Naidu, is developing manufacturing units and service sectors across the three regions, giving equal preference to port-led development as well”
thehansindia.com
“Also, the government is giving equal priority to IT and tourism sectors.”
thehansindia.com
Sources
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