The State Investment Promotion Board (SIPB) in its meeting held here on Monday under the chairmanship of Chief Minister Y.S. Jagan Mohan Reddy approved investments amounting to Rs.81,000 crore, a vast chunk of them in the green energy sector.
Green energy would give the much-needed fillip to the economy. It would especially create employment opportunities for the youth and help farmers in increasing productivity and revenue, Mr. Jagan Mohan Reddy said.
The biggest project for which the SIPB gave its nod is Indosol Solar Private Limited’s metallurgical grade silicon, polysilicon and float glass manufacturing plant at Ramayapatnam near Nellore in which Rs.43,143 crore is going to be invested in three phases. Indosol will also be setting up two solar power projects of 10 GW and 50 GW capacities.
