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Amaravati, Apr 7 (PTI) The 16th State Investment Promotion Board meeting held under the chairmanship of Chief Minister N Chandrababu Naidu here on Tuesday approved 31 projects involving a total investment of over Rs 39,436 crore. The Chief Minister directed officials to fully utilise the state's potential in solar power generation, particularly in Rayalaseema, and align transmission infrastructure with future requirements. "The 16th State Investment Promotion Board (SIPB) meeting held under th ...Read More >
Andhra Pradesh State Investment Promotion Board (SIPB) has approved 31 new investment proposals involving a total investment of ₹39,436 crore with a potential to generate 1,11,278 direct jobs across various industries. The 16th SIPB, chaired by Chief Minister N Chandrababu Naidu, met in the State secretariat in Amaravati on Tuesday. The approved proposals also included investments for three companies in Amaravati Quantum Valley and other projects for utilising agriculture, horticulture, and aqu ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Japan's Ministry of Foreign Affairs has established a new Japan-India Economic Affairs Division to help Japanese companies invest in India, as part of its strategy to bolster bilateral economic ties. "Through the establishment of the Japan-India Economic Affairs Division, the Ministry of Foreign Affairs of Japan will further make public-private efforts to promote companies' expansion of business and investment from Japan to India and to deepen cooperation in ...Read More >
Hyderabad: US-based aluminium packaging solutions provider Ball Corporation is investing another $60 million (approx 532 crore) in its Sri City manufacturing facility in Andhra Pradesh. The $11 billion Ball Corporation, which supplies sustainable aluminium packaging solutions for beverage, personal care, and household products, said on Friday that it will be beefing up its capacity for beverage cans manufacturing at Sri City in the state with the new investment."Ball's investment directly suppor ...Read More >
Mumbai: LG Electronics India Ltd, the wholly owned subsidiary of LG Electronics Inc., is preparing to tap the public markets even as it sharpens its focus on meeting domestic demand, building India as a global export hub, and expanding its portfolio of premium products. LG Electronics Inc. will raise ₹11,607 crore by selling 101.8 million shares through an offer for sale (OFS). The initial public offering (IPO), scheduled for 7-9 October, will see the South Korean parent firm sell about 15% of ...Read More >
PG Electroplast (PGEL) shares price will remain in focus on September 29 after its subsidiary PG Technoplast acquired a 50-acre land parcel in Sri City, Andhra Pradesh. PGEL plans to invest around Rs 1,000 crore in developing state-of-the-art integrated manufacturing campus over the next 5 years. The first phase will focus on a refrigerator plant with an annual capacity of 1.2 million units, with commercial production expected by December 2026, company said. The site is also being designed to ...Read More >
Hyderabad: Twelve people were arrested in connection with Wednesday's violent protest against an ethanol factory proposed at Pedda Dhanwada village in Jogulamba district. Sub-inspector D Jagadeeswar said the police used video footage to identify those involved in the unrest.In a video statement on Thursday, the SI said notices were issued to five others. "Protesters came armed with sticks and red chilli powder. They pelted stones at the police and set fire to a container and makeshift shelters m ...Read More >
Chennai: Chennai Metro Rail Limited (CMRL) finalised its last set of trainsets for Phase-2 by awarding a 1,538.35-crore contract to Alstom Transport India for 32 driverless trains. Each trainset will have a passenger capacity of around 900.As per the delivery schedule, the first driverless train will be handed over by February 2027 for testing at Phase-2 depot, with remaining rakes to follow between Sept 2027 and May 2028. A 14-month integrated testing period is planned before commissioning.This ...Read More >
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