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TCS to set up IT facility housing 10k employees in Andhra Pradesh: Nara Lokesh

Economic Times

Economic Times · 10m ago

TCS to set up IT facility housing 10k employees in Andhra Pradesh: Nara Lokesh

- Andhra Pradesh Cabinet Minister Nara Lokesh announces TCS will set up an IT facility in the state - The facility in Vizag will accommodate 10,000 employees - AP government aims to create a favorable investment climate for corporates - TCS investment is a significant step towards making AP the top business destination in India - Minister meets Tata Sons Chairman Natarajan Chandrasekaran to discuss the development

Related News

Microsoft to train 2 lakh youth in Andhra on AI, advanced skills: IT minister

Economic Times

Economic Times · 5m ago

Microsoft to train 2 lakh youth in Andhra on AI, advanced skills: IT minister

Andhra Pradesh has partnered with Microsoft to train 200,000 youth in Artificial Intelligence and advanced skills. Announced by IT Minister Nara Lokesh, this initiative aims to enhance employability and prepare the state's youth for global opportunities. The collaboration emphasizes skill development, aiming to make Andhra Pradesh a hub for future-ready talent, driving innovation and growth. Lokesh highlighted the state's commitment to cultivating a skilled workforce through world-class training programs.

Rs 14,000 crore semiconductor investments in pipeline at Orvakal: Andhra industries minister

Economic Times

Economic Times · 8m ago

Rs 14,000 crore semiconductor investments in pipeline at Orvakal: Andhra industries minister

Potential investments worth Rs 14,000 crore in the semiconductor sector are expected to come into Andhra Pradesh's Orvakal industrial park in Kurnool district. An Indo-Japanese company has expressed interest in this investment and is set to sign a deal with the state in January 2025. The executives believe that the Orvakal industrial hub in the Rayalaseema region is suitable for investments. This development was discussed in a meeting between the company's executive and the state's IT minister, Nara Lokesh, in Amaravati.

No investor will leave Karnataka for want of land, says industries minister MB Patil - The Economic Times

Economic Times

Economic Times · 1m ago

No investor will leave Karnataka for want of land, says industries minister MB Patil - The Economic Times

Karnataka's Industries Minister MB Patil assured that no investors would leave the state due to land issues, as there is enough land available for various sectors, including aerospace. This response came after Andhra Pradesh's IT minister Nara Lokesh suggested investors consider his state, offering 8,000 acres of land for aerospace projects. Patil emphasized Karnataka's leading aerospace and defense ecosystem, highlighting its significant contribution to India's aerospace output and promising land and infrastructure for diverse industries.

Southern states look to outfox each other in hunt for a Foxconn ‘city’

Economic Times

Economic Times · 1y ago

Southern states look to outfox each other in hunt for a Foxconn ‘city’

Taiwanese electronics manufacturer, Foxconn, is being offered land parcels in Telangana, Karnataka, and Andhra Pradesh to set up industrial parks or cities. The Telangana government has offered 2,000 acres for the establishment of a 'Foxconn City' modelled after the company's facilities in China and Taiwan. Karnataka has provided 300 acres for a supplier park, while Andhra Pradesh has offered 2,500 acres for an industrial park. Foxconn has expressed interest in building an industrial township near Chennai, creating a self-sufficient city with housing and basic amenities for workers. The expansion in India aims to decrease Foxconn's reliance on Chinese facilities.

Andhra Pradesh Leads Solar Manufacturing Push, Jupiter Plans Rs 2,700 Crore Facility

OutlookIndia

OutlookIndia · 3m ago

Andhra Pradesh Leads Solar Manufacturing Push, Jupiter Plans Rs 2,700 Crore Facility

Jupiter Renewables is set to invest Rs 2,700 crore in establishing a solar cell manufacturing plant in Andhra Pradesh. The facility will produce 4.8 GW solar PV cells and 1.5 GW modules, creating over 2,200 jobs. Andhra Pradesh is becoming a key solar manufacturing hub, challenging traditional leaders like Gujarat and Tamil Nadu. The state aims to attract massive clean energy investments, bolstered by India's policies to boost local manufacturing and reduce import dependence.

ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project

Inshorts · 3m ago

ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project

ReNew Power will invest ₹22,000 crore to set up India’s largest hybrid renewable energy park in Anantapur, Andhra Pradesh. Featuring solar, wind, and battery storage, the project supports India’s 2030 clean energy targets. It will generate 1.8 GW solar, 1 GW wind, and 2 GWh BESS, creating 10,000 jobs and boosting Andhra Pradesh’s green energy ambitions.

Adani Group plans $3-billion push for new clean-energy business

Livemint

Livemint · 1y ago

Adani Group plans $3-billion push for new clean-energy business

Indian conglomerate, the Adani Group, is planning to invest INR 25,000-27,500 crore ($3 billion) in building its first pumped-storage hydropower (PSH) facility. Adani Green aims to establish 5 GW of PSH capacity in the next five years and eventually increase it to 25 GW, which will take the group's total green-energy capability to 70 GW. The PSH generation facilities will be set up in Maharashtra, Andhra Pradesh, Tamil Nadu, and Telangana. PSH is gaining popularity among power companies as it is capable of supplying electricity consistently, unlike solar and wind energy.

Syrma SGS eyes India’s largest PCB unit in Andhra Pradesh in Rs 1,800 crore play - The Economic Times

Economic Times

Economic Times · 1m ago

Syrma SGS eyes India’s largest PCB unit in Andhra Pradesh in Rs 1,800 crore play - The Economic Times

Syrma SGS Technology plans to invest Rs 1,800 crore in Andhra Pradesh to establish India’s largest PCB and CCL manufacturing unit by 2026-27. The facility, located near Tirupati, will reduce import dependency and boost domestic electronics manufacturing. Partnering with South Korea's Shinhyup Electronics, the project seeks government incentives and includes a research facility focusing on smart metering, healthcare, and electric mobility applications. Andhra Pradesh continues to attract significant electronics industry investments.

82% of Andhra CM Naidu’s ₹931 cr wealth due to family shares in Manmohan-era retail firm

Livemint

Livemint · 7m ago

82% of Andhra CM Naidu’s ₹931 cr wealth due to family shares in Manmohan-era retail firm

Andhra Pradesh Chief Minister N Chandrababu Naidu's wealth, estimated at ₹931 crore, largely stems from his family's significant shareholding in Heritage Foods Ltd, a dairy firm established when economic reforms began in India. Naidu's wife, Bhuvaneswari Nara, holds a 24.37% stake valued at about ₹763 crore. Established in 1992, Heritage Foods capitalized on milk surplus and economic liberalization, growing significantly over the years. Currently, Naidu's family manages the company.

Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh for laminate facility

Economic Times

Economic Times · 1m ago

Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh for laminate facility

Greenlam Industries will invest Rs 1,147 crore to establish a manufacturing facility in Naidupeta, Andhra Pradesh, for high-pressure laminates and particle boards. The facility will produce 7 million laminate sheets and 2.9 lakh cubic meters of wood particle board annually, utilizing advanced German technology. The Andhra Pradesh government will provide Rs 329 crore in incentives, covering over 30% of the project's cost. This investment aligns with the rising demand in India's engineered wood and home decor markets.

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