AP Cabinet clears Rs 13,000 cr investment plans to boost tourism

Vijayawada Andhra Pradesh State Cabinet on Wednesday gave green signal to investment projects worth Rs 13,000 crore, which were approved at the State Investment Promotion Board (SIPB) at Amaravati the previous day.

Briefing reporters on the decisions taken at the Cabinet meeting chaired by Chief Minister YS Jagan Mohan Reddy, Information and Public Relations Minister Chelluboyina Venu Gopala Krishna said besides several investment projects, they also took crucial decisions to strengthen health infrastructure by filling the vacant posts at all the medical colleges and government hospitals.

He said the Chief Minister is keen to strengthen the infrastructure to make Andhra Pradesh a tourism hub adding that the Cabinet resolved to continue viability gap funding to IndiGo for operating various flights between Vijayawada-Chennai and Visakhapatnam-Chennai.

JSW Neo Energy has got the green signal to set up 1500 MW hydro storage power project with an investment of Rs 8,104 crore at Bakkannavari Palli of Vempally Mandal in YSR Kadapa district. It will produce 3314.93 million units of power every year and provide employment to 1500 persons. It will start the works in December, 2024.

Hero Future Energies' affiliated company Clean Renewable Energy will set up 225 MW solar unit at Kotapadu in Nandyal district and 150 MW wind power units at Boyala Uppuluru in Anantapur district and in Nandyal and YSR districts.

The Company will invest Rs 2450 crore and start works in October 2023 completing the last phase in 2025 and providing employment to 375 persons.

The Cabinet approved the proposal to set up a hotel and resort at Annavaram near Bhogapuram in Visakhapatnam district by May Fair Hotels with an investment of Rs 525 crore providing direct and indirect employment to 750 persons. The hotel project, consisting of villas, shopping mall and golf course, will be completed in four years.

The Chief Minister recently laid foundation stone for a seven star hotel and resorts by Oberoi Group at the same village with an investment of Rs 350 crore after allotment of 40 acres for construction of 300 villas.

The Cabinet cleared the proposal of Hayat Group to set up Hayat International Hotel at Peruru near Tirupati with an investment of Rs 218 crore providing direct employment to 260 persons and indirect employment to 1296 persons. It is scheduled to be completed in three years.

Other proposals include a unit by CCL Food and Beverages at Krishnapalem near Atchutapuram in Visakhapatnam district with an investment of Rs 1200 crore providing employment to 1800 persons.

CCL Food and Beverages will also set up its unit at Varadaiahpalem in Tirupati District with an investment of Rs 400 crore and it will provide direct and indirect employment to 950 persons and benefit 2500 farmers growing coffee. It will produce 16,000 tonnes of coffee every year.

Gokul Agro Resources will set up an edible oil making unit at Krishnapatnam in Nellore district with an investment of Rs 230 crore. It will provide direct and indirect employment to 1200 persons, besides benefiting 2500 farmers.

Gokul Agro will also set up a cocoa butter and powder making unit at Sri City in Tirupati district with an investment of Rs.168 crore providing direct employment to 250 persons and indirect employment to 800 persons, besides benefiting 3,000 farmers.