Andhra Pradesh SIPB clears 8 investment proposals as Jagan insists on employment of local residents

It is expected to generate 3,314.93 million units of power every year and provide employment to 1,500 people. Works on the project are expected to begin in December 2024.

Hero Future Energies-affiliated company Clean Renewable Energy has received a nod to set up a 225-MW solar unit at Kotapadu in Nandyala district.

It has also got a green signal for 150-MW wind power units at Boyala Uppuluru in the Anantapur, Nandyal, and YSR Kadapa districts.

The company will invest ₹2,450 crore and start works in October 2023, completing the last phase in 2025, and providing employment to 375 persons.

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Hospitality and other ventures

The SIPB also approved setting up a hotel and resort at Annavaram in the Visakhapatnam district by Mayfair Hotels with an investment of ₹525 crore, providing direct and indirect employment to 750 persons.

The hotel project, consisting of villas, a shopping mall, and a golf course, is expected to be completed in four years.

The board also okayed the proposal of the Hyatt Group to set up a Hyatt International Hotel at Peruru near Tirupati with an investment of ₹218 crore, providing direct employment to 260 persons and indirect employment to 1,296 persons. It is expected to be completed in three years.

CCL Food and Beverages got the green signal to set up its unit at Krishnapalem near Achtutapuram in the Visakhapatnam district with an investment of ₹1,200 crore, providing employment to 1,800 people.

The SIPB also approved proposals of CCL Food and Beverages to set up a unit at Varadayapalem in the Tirupati district with an investment of ₹400 crore.

It is expected to provide direct and indirect employment to 950 people and benefit 2,500 farmers, growing coffee. The farmers will reportedly produce 16,000 tons of coffee every year.

Gokul Agro Resources will set up an edible oil-making unit at Krishnapatham in the Nellore district with an investment of ₹230 crore. It is expected to provide direct and indirect employment to 1,200 persons, besides benefiting 2,500 farmers.

Gokul Agro will also set up a cocoa-butter and powder-making unit at Sri City in the Tirupati district with an investment of ₹168 crore, providing direct employment to 250 people and indirect employment to 800 others, besides benefiting 3,000 farmers.

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‘Enforce 75% jobs to locals law’

During the meeting, Jagan instructed the officials to strictly enforce the specially-enacted law that aims to provide 75 percent of new jobs to locals in private and government-sponsored industries in Andhra Pradesh.

The chief minister said that the district collectors should monitor the implementation of the Act and send reports every six months.

“We are providing land and other facilities to new industries with the condition of giving 75 percent of the jobs to locals to avoid any opposition from the local people,” he said.

He also asked the officials to ensure that the law is implemented in letter and spirit in all industries.

The support of the locals was very important for the smooth and efficient functioning of these industries, and the official machinery should keep this in mind, he added.

He also directed the officials to focus on units to create desalinated water and supply it to the new units to avoid scarcity of water for agriculture and drinking water.

He also talked about the desalination methods used by Israel, and said officials should follow them.

The chief minister also directed the officials to ensure that the companies pay MSP to the farmers on the purchase of their produce.