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The Hindu
The Hindu
National
Sambasiva Rao M.

Andhra Pradesh State Investment Promotion Board clears investment proposals worth ₹19,037 crore

Andhra Pradesh SIPB

Andhra Pradesh State Investment Promotion Board (SIPB), in a meeting chaired by Chief Minister Y.S. Jagan Mohan Reddy on October 30 (Monday), approved investment proposals of ₹19,037 crore, with an employment potential of about 69,565.

As per the proposals, Pepper Motion would set up a manufacturing unit of electric buses with an investment of ₹4,640 crore at Punganur in Chittoor district. The project would create employments for 8,080 people.

JSW would set up an industrial park at S. Kota in Vizianagaram district with an investment of ₹531 crore, creating direct and indirect employment for 35,750 and 9375 people respectively.

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