As part of promoting Andhra Pradesh as an investor-friendly state across the globe, several global players are showing up their interest in Andhra Pradesh.
Here’s the first list of some companies and the investments they have made in Andhra Pradesh:
- PepsiCo: In April 2015, Chief Minister Nara Chandrababu naidu & PepsiCo’s Indra Nooyi inaugurated a beverage plant of PepsiCo at Sri City with investment of Rs.1,200 crore. Additionally, facilities of 11 global companies, encompassing Rs.980 crore worth investments also were inaugurated. CM had also laid foundation stones for another 11 units at worth Rs.1,000 crore.
- Global Pharma major Mylan is investing additional $5 billion in Andhra Pradesh to expand presence.
- MoUs : During the Industry Mission Launch on April 29, 2015, AP government has signed 47 MoUs with companies from India Japan, UAE, Canada, etc, attracting a total investment worth Rs.35,745 crore (around $5,600 million). The MoUs signed fall under sectors such as petrochemicals, energy, infrastructure, electronics, manufacturing, food processing, textile and automobiles.
Some of the marquee investments proposed are:
- HPCL has proposed to set up a Refinery with proposed investment of Rs 17,000 cr
- VEM Technologies is setting up a Aerocity with proposed investment of Rs 2,000 cr
- Jai Raj Ispat Ltd is setting up a TMT bars manufacturing unit with proposed investment of Rs 3,000 cr
- MoU has been signed with 18 ancillary Industries attached to ISUZU India Limited at Sricity with a total investment of Rs.900 Crores
- Guizhou International Investment Corporation (GIIC) from China has signed an MoU with GMR Group for development of an Industrial Park in KSEZ (Kakinada SEZ Pvt Ltd) for manufacturing by Chinese High End equipment companies at a proposed investment of approximately USD 500 million.This MoU was signed in presence of Hon’ble Prime Minister, Sri Narendra Modi, during his visit to China recently. The MoU will result in an investment of $2-3 billion and creation of over 5,000 jobs by the manufacturing units in the next 3-5 years.
These are some of the major investments that will bring in jobs for the youth and result in economic prosperity of the state.