Andhra Pradesh clears Rs 1.26 crore investment proposals to create direct employment

Andhra approved various investment proposals worth Rs 1,26,748 crore that would create 40,330 direct employment over the next seven years

Rs 81,000 crore would be invested on green energy projects that would generate 17,930 MW of power

Besides, two other solar power plants with a total capacity of 60 GW are also proposed.

The SIPB approved a proposal from Causis E-Mobility for an investment of Rs 386.23 crore on an electric bus-manufacturing unit

The release said Lyfius Pharma would invest Rs 1,900 crore on its drug manufacturing unit in the Kakinada SEZ

For this, the State government allotted 236.37 acres of land. The unit would be ready by April 2024, providing employment to 2,000 people.

Inosol Solar Private Limited would set up its plant on a 5,147-acre site at Ramayapatnam in SPS Nellore district

The company will invest Rs 43,143 crore and provide direct employment to 11,500 people and also create indirect employment for another 11,000.

Deputy Chief Minister B Mutyala Naidu, Ministers P R C Reddy, Buggana Rajendranath, G Amarnath and top officials attended