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Reliance Industries plans to invest Rs 1 lakh crore in Andhra Pradesh to set up compressed biogas plants, creating more than 3 lakh jobs and generating nearly Rs 60,000 crore in revenue for the state over the coming decades, the company's executive director Anant M Ambani said on Friday. Speaking at the foundation stone laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said the investment would support the state's transition towards cleaner energy while creating new opportunities for farmers. "Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he said. "That is why Reliance Industries is grateful to the Government of Andhra Pradesh for the opportunity to invest Rs 1 lakh crore in the state to set up compressed biogas (CBG) plants." CBG is a renewable fuel produced by processing organic waste such as agricultural residue, animal dung, food was
The Andhra Pradesh SIPB, headed by Chief Minister N Chandrababu Naidu, on Friday approved 10 projects entailing an investment of over Rs 500 crore. The IT and futuristic technology projects are expected to create nearly 9,000 jobs, according to a press release. "State Investment Promotion Board met today and officially cleared 10 major IT and futuristic technology projects. The approved projects entail a total investment of Rs 526.25 crore and are projected to create 8,896 high-quality jobs across the state," it said. The approved projects include a Rs 100 crore investment by Muthoot Fincorp Limited to establish an Integrated Hub for AI and Tech Training Centre in Visakhapatnam. The SIPB approved a Rs 44 crore investment by Deloitte to set up a state-of-the-art operations centre with a capacity of 2,500 seats. It approved a Rs 167 crore investment by Quantum Codon Pvt Ltd in Amaravati to establish an integrated quantum AI-driven biotechnology innovation campus for drug discovery .
The Andhra Pradesh government on Saturday released a job calendar for over 8,500 jobs in three phases, which will supplement more than 1,500 jobs already notified under the first phase in May. Principal Finance Secretary Peeyush Kumar said 3,231 jobs will be notified under the second phase on September 15 and 2,311 jobs and another 2,995 jobs will be notified under the third and fourth phases on October 15. On May 15, Kumar said 1,523 jobs were already notified by the Higher Education Department. Together, in four phases, 10,060 jobs in total will be filled through direct recruitment. "Government, hereby accords permission to the concerned Recruiting Agencies, namely APPSC (Andhra Pradesh Public Service Commission), APSLPRB (Andhra Pradesh State Level Police Recruitment Board), DSC (District Selection Committee) etc., to fill up 10,060 vacancies in various Departments through Direct Recruitment," Kumar said in a Government Order (GO). According to the job calendar, the government .
The Andhra Pradesh government on Saturday approved AM AI Factory Pvt Ltd to set up a 512-MW green integrated AI data centre in Visakhapatnam district, involving an investment of over Rs 31,387 crore. The facility, proposed to be set up at Amanam village in Bheemunipatnam mandal, is expected to generate employment for up to 1,000 people, IT Secretary Bhaskar Katamneni said in a Government Order. "The government, after careful examination... hereby accords approval to AM AI Factory (Vizag) Pvt Ltd for the establishment of a 512-MW Green Integrated AI Data Centre Facility... within a period of two years and four months," Katamneni said in the GO. Under the non-fiscal incentives for the project, the state government will provide power infrastructure support and ensure water supply, among other facilities, while fiscal incentives will include exemption from stamp duty and electricity duty, the GO said.
Andhra Pradesh IT Minister Nara Lokesh on Wednesday defended the state government's decision to establish data centres in Visakhapatnam, and said deliberate misinformation was being spread over their environmental and water requirements. Addressing the Assembly, the IT Minister said Google's decision to invest in Visakhapatnam had triggered wider interest from other IT companies in the city. "Deliberate misinformation was being spread over their (data centres) environmental and water requirements," said Lokesh, replying to a question. Lokesh said data centres are critical to the AI-driven digital economy and India's data sovereignty, particularly amid emerging geo-political challenges. He explained that once the proposed data-centre ecosystem reaches the targeted 6.5 GW capacity, it is estimated to require around 3 TMC (thousand million cubic ft) of water annually based on current technology. However, he stressed that newer cooling technologies are expected to reduce water consump