SIPB approves Rs 85,083 crore investment to create 33,966 jobs in Andhra Pradesh
1 month ago

SIPB approves Rs 85,083 crore investment to create 33,966 jobs in Andhra Pradesh

India Today  

The State Investment Promotion Board of Andhra Pradesh, during its inaugural meeting chaired by Chief Minister N Chandrababu Naidu, approved a massive investment of Rs 85,083 crore. Other notable projects include LG Electronics India Pvt Limited's investment of Rs 5,001 crore, which will provide 1,495 jobs, and Kalyani Strategies System Limited's Rs 1,430 crore investment, which will generate 565 jobs. Additionally, Phillips Carbon Black Limited is investing Rs 3,798 crore to provide 200 jobs, while Azad India Mobility Limited will invest Rs 1,046 crore, creating 2,381 employment opportunities. The meeting was attended by several key ministers, including Deputy Chief Minister Pawan Kalyan and Minister for IT Nara Lokesh, as well as senior officials, including Chief Secretary Neerab Kumar Prasad.

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History of this topic

Andhra cabinet approves ₹85K-cr investments in industry sector
1 month ago

Andhra cabinet approves ₹85K-cr investments in industry sector

Hindustan Times  

The Andhra Pradesh cabinet chaired by chief minister N Chandrababu Naidu on Wednesday approved the decision taken at the state investment promotion board to generate industrial investments to the extent of ₹85,083 crore generating 33,966 new jobs, people familiar with the matter said. Andhra cabinet approves ₹ 85K-cr investments in industry sector The first meeting of the SIPB was held …

Andhra: SIPB clears Rs 85,083 crore investment proposals
1 month ago

Andhra: SIPB clears Rs 85,083 crore investment proposals

New Indian Express  

Compete with other States to attract investments, CM exhorts officials Similarly, Astha Green Energy Ventures India Pvt Ltd will invest Rs 8,240 crore and provide employment to 4,000 people, Greenko APo1 IREP Infra Pvt Ltd will invest Rs 2,000 crore and provide 1,725 jobs. He advised the officials to adopt the land pooling system while acquiring land for ArcelorMittal steel …

‘Telangana CM Revanth Reddy secures ₹81,564 crore in investments during his international tours’
4 months, 1 week ago

‘Telangana CM Revanth Reddy secures ₹81,564 crore in investments during his international tours’

The Hindu  

Telangana Chief Minister A. Revanth Reddy has secured a total of ₹81,564 crores in investments through his recent international tours in the past eight months, according to official sources. During his latest 10-day visit to the United States and South Korea, accompanied by Minister for IT and Industries D. Sridhar Babu, CM Revanth Reddy secured ₹31,532 crores in investments, which …

‘7 Industries To Bring In Rs 81,137-Crore Investment, Jobs’: Maharashtra To Get Its First Semiconductor Chip Plant
4 months, 3 weeks ago

‘7 Industries To Bring In Rs 81,137-Crore Investment, Jobs’: Maharashtra To Get Its First Semiconductor Chip Plant

News 18  

Maharashtra’s cabinet sub-committee for industries has approved the establishment of seven major industries which would bring in an investment of Rs 81,137 crore, including the state’s first semiconductor chip manufacturing plant. JSW Green Mobility Ltd will invest Rs 27,200 crore in Chhatrapati Sambhajinagar, aiming to create 5,200 jobs. Pernod Ricard India Pvt Ltd will start a malt spirit production and …

SIP investment scale Mount Rs 20,000 crore in April; total AUM at Rs 57.3 trillion
7 months, 2 weeks ago

SIP investment scale Mount Rs 20,000 crore in April; total AUM at Rs 57.3 trillion

New Indian Express  

MUMBAI: Continuing inflows into the most popular mutual fund segment, the systematic investment plans or SIPs set new records in April topping the Rs 20,000–crore mark for the first time, and coupled with this and fresh inflows into debt and equity funds the total assets under management have risen to Rs 57.26 trillion in the month, up from Rs 55.01 …

SIPB clears proposals worth ₹22,302 cr. for setting up of energy units in A.P.
10 months, 3 weeks ago

SIPB clears proposals worth ₹22,302 cr. for setting up of energy units in A.P.

The Hindu  

Andhra Pradesh State Investment Promotion Board cleared investment proposals worth ₹22,302 crore for establishing energy industries that would provide 5,300 jobs. Jagan Mohan Reddy on Tuesday, cleared the proposal of JSW Neo Energy Ltd to establish four solar power projects across the State to produce 3,350 MW of power with an investment of ₹12,065 crore. Ltd. will establish a 1,000 …

T.N. receives investment proposals worth ₹6.64 lakh crore during investors’ meet
11 months, 2 weeks ago

T.N. receives investment proposals worth ₹6.64 lakh crore during investors’ meet

The Hindu  

Tamil Nadu attracted an impressive investment commitment to the tune of over ₹6.64 lakh crore through 631 Memoranda of Understanding that would generate nearly 27 lakh jobs across sectors at the conclusion of the first Global Investors Meet conducted by the DMK government at Chennai Trade Centre on January 8. “With this GIM, this government that espouses the ‘Dravidian model’ …

₹250 monthly SIPs? What SEBI chairperson said about mutual funds
1 year ago

₹250 monthly SIPs? What SEBI chairperson said about mutual funds

Hindustan Times  

Seeing the rising investments in systematic investment plans, Securities and Exchange Board of India chairperson Madhabi Puri Buch talked about how the regulator is working with mutual funds to bring down the minimum costs of SIPs. SEBI chairperson Madhabi Puri Buch talked about making ₹ 250 SIPs viable soon; SIPs in mutual funds are showing tremendous growth in the last …

Andhra Pradesh Cabinet clears new land allotment policy for industries
1 year, 1 month ago

Andhra Pradesh Cabinet clears new land allotment policy for industries

The Hindu  

November 03, 2023 08:28 pm | Updated 08:30 pm IST - VIJAYAWADA The Andhra Pradesh State Cabinet has given its nod for the new land allotment policy for industries. The Cabinet also ratified the Andhra Pradesh State Investment Promotion Board’s approval of investments worth ₹19,037 crore, which would provide employment opportunities to 69,565 people. Hydrogen Green Hub The Andhra Pradesh …

Investment of Rs 19,037 Crore Approved in State Investment Promotion Board Meeting
1 year, 1 month ago

Investment of Rs 19,037 Crore Approved in State Investment Promotion Board Meeting

Deccan Chronicle  

Vijayawada: Chief Minister Y.S. Jagan Mohan Reddy has said a total investment of Rs 19,037 crore was approved in the State Investment Promotion Board meeting and this would create employment opportunities to 69,565 people in AP. This apart, JSW would set up an industrial park at S. Kota in Vizianagaram district with an investment of Rs 531 crore, providing direct …

92 firms signed MoUs with AP to invest Rs 11.87 lakh crore in GIS
1 year, 9 months ago

92 firms signed MoUs with AP to invest Rs 11.87 lakh crore in GIS

Deccan Chronicle  

Visakhapatnam: The National Thermal Power Corporation and the JSW Group signed the biggest deals with the AP government which harvested investments worth Rs 11.87 lakh crore during the Global Investors Summit here on Friday. NTPC signed three MoUs with an investment of Rs 2.35 lakh crore which would generate employment for 77,000 people. ABC limited signed a MoU with investment …

Andhra Pradesh attracts ₹13 lakh crore investment proposals at Global Investors Summit
1 year, 9 months ago

Andhra Pradesh attracts ₹13 lakh crore investment proposals at Global Investors Summit

The Hindu  

The opening day of the two-day first Global Investors Summit organised by the State Government attracted investments to the tune of ₹13 lakh crore involving 340 proposals, at Visakhapatnam on Friday. Jagan Mohan Reddy said that the investments would generate about six lakh employment opportunities in Andhra Pradesh, across 20 sectors. The JSW Group signed six MoUs, the largest amongst …

AP clinches investments worth Rs 13 lakh Cr at Investors Summit: CM Jagan Mohan Reddy
1 year, 9 months ago

AP clinches investments worth Rs 13 lakh Cr at Investors Summit: CM Jagan Mohan Reddy

Deccan Chronicle  

VISAKHAPATNAM: Chief Minister Y.S. Jagan Mohan Reddy said Andhra Pradesh had received 340 investment proposals worth Rs. 13 lakh crore in 20 key sectors with a job potential for six lakh people, at the inaugural session of the two-day Global Investors Summit that began here on Friday. Reddy said that the state was contributing its share for the rapid growth …

SIP Investments: 6 common mistakes you must avoid to achieve desired financial goals
1 year, 11 months ago

SIP Investments: 6 common mistakes you must avoid to achieve desired financial goals

Live Mint  

How many times have you been told about the power of compounding that translates even the smallest systematic investment plans into an enviable corpus that can last a lifetime? One may attribute this behaviour to ignorance regarding how SIP investments work and the lack of understanding of how small investments, if unbridled over a prolonged period, can help people achieve …

Mutual funds: Which SIP freqency to select for becoming crorepati?
2 years, 1 month ago

Mutual funds: Which SIP freqency to select for becoming crorepati?

Live Mint  

Becoming a crorepati when you hit retirement would be like a dream come true. You don't even need to burden yourself with a lumpsum investment amount, you can even become a crorepati by investing ₹1,000 on a daily basis. To provide a holistic picture to investors and help them make better-informed decisions for their investments via SIPs, WhiteOak Capital Mutual …

AP to become role model in green energy in country: CM Jagan
2 years, 3 months ago

AP to become role model in green energy in country: CM Jagan

Deccan Chronicle  

HYDERABAD: Chief Minister Jagan Reddy has asserted that Andhra Pradesh will be a role model for the country in promotion of green energy. Astha Green Energy Ventures India Pvt Ltd would set up a 1,800 MW capacity pumped hydro storage power project at a cost of Rs 8,240 crore with direct employment to 4,000 people in 1,390 acres. The Aurobindo …

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