Hyderabad: The Andhra Pradesh Government today approved 25 industrial proposals, including a Rs 970 crore project of Procter and Gamble (consumer products) and 13 cement plants which entail total investment outlay of about Rs 40,379 crore.
The Andhra Pradesh Chief Minister, Mr N. Kiran Kumar Reddy, who chaired the State Investment Promotion Board meeting at the Secretariat, approved these proposals which have potential to employ 41,180 persons.
Of these 25 projects, 20 of them have signed memorandums of understanding during the CII-Partnership Summit 2012 and the remaining five proposals have been received directly, according to a statement from the Chief Minister’s Office.
These new projects would come up in 12 districts spread across the State. The meeting also factored the general perception that most of the industries are coming up in the Hyderabad and Ranga Reddy district.
According to Ms J .Geetha Reddy, Major Industries Minister, new projects approved today include 13 cement plants, six chemical projects and projects in steel, plastic and other sectors.
Of the 44 proposals cleared last year, 14 have been implemented, 27 other projects are at various stages of implementation, she told media persons after the meeting.
The Chief Minister wanted the Industries Department to follow up on all these proposals for investment and see that they are implemented as per schedule indicated by the promoters.
Gujarat NRE Coke Ltd has come up with a proposal for Rs 1,200 crore coke plant in Nellore, VBC Fertilizers (urea plant), NSL Fertilisers (urea plant), Kribhco (fertiliser), Olam Agro, Reliance Cement, Texcon Steels, My home Industries, Chettinad Cement, West Coast Paper Mills Ltd, Renuka Cement Limited, Mahathi Cements, Seetharama Cements and Toyosu Rare Earths.
Other projects which had come up directly include Sanvaria Industries (coke calcination), Midwest Granite, Sirgy’s Cements and Procter & Gamble (consumer products).
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