AP clears 2935 Crore Investment proposals!

The Andhra Pradesh State Investment Promotion Board (SIPB) headed by chief minister N Chandrababu Naidu has cleared the investment proposals worth 2935 Crore which will create 13,725 direct employment. These proposals also include a paints manufacturing facility proposed by Asian Paints, the country’s largest paint maker. This plant will come up in Pudi village near Vishakapatnam and will have a full capacity of 400,000 kilolitre paint per year.

Others proposals include Universal Coke and Power Limited’s proposal to set up a non-recovery coke oven plant with a total investment of Rs 725 crore in Nellore district and a maize processing plant being set up by Gujarat Ambuja Exports Limited at an investment of Rs 240 crore in Kurnool district.

The government also cleared proposals of four garment units proposed by Shahi Exports Limited at a total investment of Rs 152 crore which will come up in four different locations in Chittoor and Anantapur districts with a potential to create 11,000 jobs to rural youth.