Page 2 - Andhra Pradesh

Elista to invest Rs 250 crore to set up new facility in Andhra Pradesh

Electronics maker Elista India will invest Rs 250 crore to set up a manufacturing plant in Kadapa, Andhra Pradesh, in five years, which will help the company meet the domestic and exports markets demand, Chairman and Managing Director Saket Gaurav said. The investment for the new plant would be funded equally from equities and debts, as the company is in talks with some financial institutions, said Gaurav. "We plan to put our investment in a phased manner. Initially, we will be investing around Rs 50 crore, which will produce almost one million units of smart TVs and monitors," he said, adding, "in five years, we will invest almost Rs 250 crore in this facility." The company has plans to get into the production of home appliances like refrigerators, washing machines and dishwashers from this facility, said Gaurav, adding that it would create around 500 jobs. "The revenue which we can generate out of this plant would be close to Rs 1,500 crore (when fully completed), combined from .

APOSS 2023 Hall Ticket released for class 10th, 12th- All you need to know

The APOSS 2023 Hall Ticket for the Inter, SSC exam is available on the official website, acting as admit card for the exam

MLC poll results indicate anti-incumbency, rebellion: Chandrababu Naidu

The Legislative Council election results are an indication of the people's rebellion and anti-incumbency in Andhra Pradesh, Opposition leader and Telugu Desam Party chief N Chandrababu Naidu said on Sunday. Thanking voters for taking the Telugu Desam Party (TDP) to victory in three graduates' constituencies polls, the former Chief Minister called it a "people's victory", saying the electorate had reposed complete faith and confidence in the party. Election candidates aligned with the TDP won from Uttarandhra (North Andhra), East Rayalaseema and West Rayalaseema constituencies. Jagan Mohan Reddy always believes in money and muscle power and in indulging in atrocities," TDP supremo Nara Chandrababu Naidu said. "He transformed all the elections in these four years only into selections." Prophesying that the ruling YSRCP would vanish into oblivion soon and not return to power, he pointed out that the courts had pulled up the ruling dispensation many times. The recent polls covered as

Andhra CM disburses Rs 699 cr for students' education fee reimbursement

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Sunday released Rs 699 crore under a flagship government scheme for total fee reimbursement to eligible students studying a variety of courses. As many as 9.8 lakh students pursuing ITI, polytechnic, degree, engineering, medicine and other professional courses will benefit from the Jagananna Vidya Deevena scheme for the quarter October to December, 2022. Under the scheme, the fee of students belonging to Scheduled Castes, Scheduled Tribes, backward classes, minorities, Kapus, economically backward classes and persons with disabilities (PwD) categories will be reimbursed. These funds will be directly credited into the bank accounts of the students' mothers. After disbursing the fees by clicking a button, the Chief Minister noted that the fate of the poor can be changed for better only through education. Reddy pointed out that Jagananna Vidya Devena scheme was introduced with the single aim of offering higher education to poor ...

From Uttar Pradesh to Madhya Pradesh, the 'greening' of investor summits

Renewable power project proposals are beginning to make their presence felt in state investment meets

Eye on 2024 polls, Andhra Budget allocates lion's share for welfare

Keeping its interests in mind ahead of the Assembly elections scheduled for 2024, the Andhra Pradesh government has allocated the lion's share of the state Budget -- more than Rs 54,000 crore of the total Rs 2,79,279 crore -- to Direct Benefit Transfer (DBT) schemes, targeting potential voter segments such as pensioners, farmers, students and women. Finance Minister Buggana Rajendranath tabled the 2023-24 Budget in the Legislative Assembly on Thursday. Andhra Pradesh has for long focused on governance that balances both welfare and development, and its budgetary allocation of as much as Rs 54,228 crore for DBT schemes is in keeping with that model. The increase of about 10 per cent in the allocation, from Rs 48,882 crore in 2022-23, indicates that the government has its eye on the upcoming elections next year. The DBT schemes include YSR Pension Kanuka (Rs 21,435 crore) for senior citizens, persons with disabilities and transgender persons; YSR Rythu Bharosa (Rs 4,020 crore), which

ED arrests four in Andhra govt's 'Siemens Project' money laundering case

The official said that all the accused were presented at a Special PMLA Court in Visakhapatnam which remanded them to seven days' custodial remand

Former Andhra Pradesh CM Kiran Kumar Reddy resigns from Congress

Former Andhra Pradesh chief minister Kiran Kumar Reddy has resigned from the Congress. Reacting to Reddy's resignation, Congress leader and Lok Sabha MP Manickam Tagore on Sunday said that those who got everything from the party and finished the Andhra Pradesh Congress now leave for the BJP. Reddy was the last chief minister of undivided Andhra Pradesh. In a letter dated March 11 and addressed to Congress president Mallikarjun Kharge, Reddy wrote, "Please accept this letter as my resignation from the primary membership of the Indian National Congress." Reddy had earlier resigned from the Congress in 2014 over the then UPA government's decision to bifurcate Andhra Pradesh and carve out Telangana. He had floated his own political outfit Jai Samaikyandhra Party but returned to the Congress in 2018.

Andhra Pradesh to install 1.8 million smart meters on farm motors in a year

The Andhra Pradesh government will install as many as 18 lakh smart meters on farm electric motors within a year, including spending Rs 4,000 core to procure allied material, said an official. The state will follow the guidelines issued by the Central Government and Central Electricity Authority (CEA), even as these smart meters are aimed at arresting power theft among several other benefits, he said. The official highlighted that farmers do not have any doubts over them and asserted that the government has received their stamp of approval. "Nearly 16.5 lakh farmers have extended support to smart meters and the government will bear the cost of installing them," K Vijayanand, special chief secretary, Energy Department, said in a statement on Tuesday night. He noted that the Centre will give a grant of Rs 1,600 crore for the smart meters and allied materials while a pilot project under this scheme tested in Srikakulam district had succeeded with only 6.6 per cent out of the 29,000 ..

Paytm, Andhra govt tie up on financial inclusion, health and cyber security

Andhra depts will be empowered to accept digital payments from citizens and businesses. Toll plazas would accept payments digitally under a proposal from the company

AP investors summit sees Rs 1.17-trn MoUs on Day 2; RIL inks Rs 50k-cr pact

Amongst the major investors, Reliance has signed one MoU with an investment of Rs 50,000 crore which will generate employment for 10,000 people

Investors' summit deals will create over 6 lakh jobs: Andhra Pradesh CM

Andhra Pradesh has garnered investment pledges worth Rs 13,05,663 lakh crore with a potential to create 6,03,223 jobs during the two-day Global Investors Summit (GIS), said Chief Minister Y S Jagan Mohan Reddy on Saturday. Speaking at the valedictory ceremony, he said 352 agreements were signed in 20 sectors, out of which the energy sector stood out through 40 deals and pledges worth Rs 8.84 lakh crore with a job creation potential of 1.9 lakh, he said. "In the IT & ITES sector, 56 MoUs were signed, amounting to Rs 25,587 crore of investments and will generate employment for 1,04,442 people. In the tourism sector, 117 agreements have been inked for an investment to the tune of Rs 22,096 crore, that will create employment for 30,787 people, said Reddy. Further, he pointed out that the renewable energy sector was one of the sectors which drew significant investments and observed these would take renewable energy generation, pumped storage and production of green hydrogen and green ..

Hetero to invest Rs 1,000 crore in AP in over 2 years to expand pharma biz

Drug maker Hetero Group will be investing Rs 1,000 crore to expand its pharmaceutical and specialist business in Andhra Pradesh, its Managaing Director Vamsi Krishna Bandi said on Saturday. Speaking at Global Investors Summit 2023 here, he said post-Covid pandemic, more countries are looking at India as a partner of choice in pharmaceutical sector, and Andhra Pradesh is ideally placed to take advantage because of a well-established ecosystem. "We are committed to Andhra Pradesh and will continue to expand our presence here. We'll be investing about Rs 1,000 crore in Andhra Pradesh over the next two years to grow our pharmaceutical and specialty business. This will generate an employment of a minimum of 3,000 people," he said. Bandi further said the USD 2.5 billion pharma group employs over 10,000 people directly and indirectly in Andhra Pradesh, and supplies about 40 per cent of global HIV medicines that are manufactured in the state.

Top headlines: India Inc commits Rs 11.87 trn to AP, RBI fines Amazon Pay

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HAL showcases products at 'Advantage Andhra Pradesh 2023 Exhibition'

HAL has showcased wide range of products ranging from Aircraft to miniature sized components. The stall is categorized in two categories 'Success Stories' and 'Business Opportunity' for AP

Adani back on investment track after Hindenburg, with mega plans in Andhra

Karan Adani announces two cement units, 15,000 MW of RE power project and 400 MW data centre in the state

Andhra Global Investors Summit: Mukesh Ambani talks 10-Gw solar play

"I am happy to announce that we will continue our investments and we will invest in 10 Gw of renewable solar energy in AP," said Ambani.

India Inc commits Rs 11.87 trn to Andhra on Day-1 of investor summit

NTPC, Adani, RIL among major participants; state set to sign another set of MoUs worth Rs 13 trn on Saturday

Andhra Pradesh received Rs 13 trillion as investments: CM Jagan Mohan Reddy

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, the Chief Minister said MoUs worth Rs 11.85 lakh crore will be signed today and the rest would be formalised on Saturday. He also said the investment proposals are from Reliance, Adani Group, Aditya Birla group, ReNew power, NTPC and Aurobindo Group among others. Reddy reiterated that Visakhapatnam would become the executive capital of Andhra Pradesh in the days to come and he will be moving over to the port city. "It is a proud moment to announce that the state has received 340 investment proposals with an investment of about Rs 13 lakh crore providing employment to almost six lakh people across 20 sectors," he said. He further said 2023 is an important year for India as the country is hosting the G20 summit unde

Reliance to invest in 10 GW of renewable solar energy in Andhra: Ambani

Mukesh Ambani, Chairman and Managing Director of RIL, announced on Friday several new investment initiatives in Andhra Pradesh including 10 gigawatts of renewable solar energy in the state