Andhra clears Rs 1.26-trn investment proposals to create direct employment
The Andhra Pradesh State Investment Promotion Board (SIPB), headed by Chief Minister Y S Jagan Mohan Reddy, on Monday approved various investment proposals worth Rs 1,26,748 crore that would create 40,330 direct employment over the next seven years.
Of the total, Rs 81,000 crore would be invested on green energy projects that would generate 17,930 MW of power, the Chief Minister’s Office said in a release. Besides, two other solar power plants with a total capacity of 60 GW are also proposed.
According to the release, the SIPB approved a proposal from Causis E-Mobility for an investment of Rs 386.23 crore on an electric bus-manufacturing unit at Kopparthy in YSR district.
