Page 14 - Andhra Pradesh

'Jagan Reddy thought he was Andhra's Saddam': Nara Lokesh slams former govt

Andhra Pradesh Minister Nara Lokesh claimed that despite belonging to a political family himself, he had never seen such extravagant accommodations

Andhra govt approves over Rs 1.21 trn in investments from 10 companies

The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N Chandrababu Naidu, approved investments worth over Rs 1.21 lakh crore from 10 companies on Thursday. The approved investments have the potential to create 80,104 jobs, including Rs 25,000 crore from Satyavedu Reserve Infracity Pvt Ltd (Sri City), Rs 58,469 crore from Indosol Solar Pvt Ltd, and Rs 22,000 crore from AP NGEL Harith Amrit Ltd, among others. "At the fourth SIPB meeting held at the Secretariat, the Chief Minister reviewed new investment proposals in the industries, power, and tourism sectors. The SIPB approved Rs 1,21,659 crore in investments from 10 companies, which will create 80,104 jobs," a press release stated. Naidu directed officials to closely monitor these investments until they materialise and urged ministers and officials to work proactively to ensure industries commence operations without delays. Additionally, the CM instructed officials to establish MSME parks in all 175

Microsoft to train 2 lakh youth in Andhra Pradesh on AI, tech skills

Andhra Pradesh IT Minister Nara Lokesh on Thursday announced that the state government has entered into an agreement with global tech giant Microsoft to train two lakh youth in Artificial Intelligence and advanced skills. The Minister stated that the partnership with Microsoft will enhance the employability of the state's youth and prepare them for global opportunities. "Through this partnership two lakh youngsters will receive world-class training, boosting their employability and equipping them for global opportunities," Lokesh wrote in a post on 'X'. According to Nara Lokesh, the Andhra Pradesh government is placing a strong emphasis on skill development, with a commitment to make the state a hub for future-ready talent, driving innovation and growth.

Coromandel Int'l buys 53% stake in agro-chemical firm NACL for Rs 820 cr

Coromandel International Ltd has acquired a majority 53 per cent stake in agro chemical firm NACL Industries Ltd for Rs 820 crore and will launch an open offer to buy an additional up to 26 per cent of equity. In a regulatory filing on Wednesday, Coromandel International said the board has "approved the acquisition of 10,68,96,146 equity shares of the NACL Industries, representing 53.13 per cent of the paid up equity share capital..." A share purchase agreement has been signed amongst Coromandel International, NACL Industries Ltd, the seller (i.e, KLR Products Ltd); K Lakshmi Raju (being a promoter) and Bright Town Investment Advisor Pvt Ltd (being a member of the promoter/promoter group of the target). Coromandel International, one of the leading agri-solutions providers, has signed definitive agreements to acquire majority stake in NACL Industries. "Coromandel is set to acquire 53 per cent shareholding in NACL industries, for consideration of Rs 820 crore at Rs 76.7 per share fr

Will lay foundation for ₹1 trn investments in Amaravati soon: Andhra CM

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said the foundation for investments worth Rs 1 lakh crore in the greenfield capital city of Amaravati will be laid within the next 45 days. Naidu stated that he would invite Prime Minister Narendra Modi to relaunch infrastructure and development programmes in Amaravati. "Very soon, I will invite the prime minister to relaunch infrastructure and development programmes. In about one to one and a half months, we plan to lay the foundation for Rs 1 lakh crore worth of investments, which will be completed within three years," Naidu said while addressing a seminar on population at a local university. According to the CM, road construction projects worth Rs 40,000 crore and pending building works are already underway. In the future, he aims for Amaravati to run entirely on green energy. Promising "world-class development" in the upcoming capital, Naidu said he would invite top institutions, central government departments, and ..

Working towards creating 'Quantum Valley' in state, says Andhra CM Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said that the government is setting up a task force and working towards creating a 'Quantum Valley' in the state to secure a first-mover advantage in this transformative field. The chief minister noted that quantum technology is set to usher in revolutionary advancements in various fields and added that he wants Andhra Pradesh to lead advancements in it. "Taking a step in that direction, we are setting up a task force and working on a plan to create a 'Quantum Valley', a world-class quantum computing hub in Andhra Pradesh that is in line with the National Quantum Mission," said Naidu in a post on 'X'. Aimed at accomplishing this vision, the southern state is collaborating with IIT Madras, TCS and IBM to emerge as a national hub for quantum computing research and attracting top-tier talent and global investments. On Monday, a key meeting was held towards this end, which was joined by L&T chairman & MD SN Subrahmanyan, .

On Women's Day, Andhra CM vows to create 100,000 women entrepreneurs

Naidu further said that the aim of his government is to ensure that women, who make up 50 per cent of the society, are financially independent and gain self respect

Tata Power arm set to invest Rs 49K cr in RE projects in Andhra Pradesh

This partnership aligns with the state's vision to enhance its renewable energy portfolio and accelerate the transition towards a sustainable and green energy future

Andhra Pradesh bags Rs 1,700 crore solar project lined up for Telangana

This comes close on the heels of the reported relocation of key investments from Telangana, like Corning International Corporation to Tamil Nadu and Kaynes Semicon to Gujarat

Chandrababu Naidu reassures Telangana on Godavari water plan; slams Oppn

Andhra Pradesh Chief Minister N Chandrababu Naidu has assured the people of Telangana that there is no cause for concern regarding his government's plan to divert Godavari river water from Polavaram to Banakacherla, as the initiative is aimed solely at utilising excess water that would otherwise flow into the sea. Addressing a party meeting to celebrate the Telegu Desam Party's (TDP) victory in two graduates MLC elections on Tuesday, the chief minister claimed a political party is "politicising" Andhra Pradesh's strategy to salvage water draining into the sea. "I am appealing again, when water draining into the sea is taken to a famine-hit region, nobody should feel bad. Everybody should think about it," Naidu said, adding that he was appealing to all the Telugu people. Noting that some people are questioning what right does Andhra Pradesh have to divert water draining into the sea, Naidu wondered where the Telugu society is headed. Reminding that he never opposed Telangana's ...

Andhra Pradesh govt unveils Rs 3.22 trn welfare-focused Budget for FY26

The Andhra Pradesh budget for the fiscal 2025-26 tabled on Friday by the TDP-led NDA government accorded top priority to welfare schemes, promising to dole out Rs 20,000 per annum for farmers, doubling of financial relief for fishermen during a ban period and Rs 15,000 to school going children up to the intermediate level under "Talliki Vandanam" scheme. The "Talliki Vandanam" scheme is one of the Super Six promises made by the ruling bloc during the 2024 Assembly polls. Finance Minister Payyavula Keshav tabled the Rs 3.22 lakh crore budget and proposed Rs 20,281 crore for the Scheduled Caste (SC) component, Rs 8,159 crore for the Scheduled Tribes (ST) component, Rs 47,456 crore for the Backward Classes (BC) component and Rs 5,434 crore for the welfare of minority communities. "I take pride in announcing that the government is launching the Talliki Vandanam scheme, to provide financial support of Rs 15,000 in the academic year 2025-26. The scheme will cover children enrolled in ...

Tesla's hunt for a factory site in India takes it to Andhra Pradesh

State has likely offered pre-acquired land at three potential locations

Centre ready to help Andhra Pradesh's red chilli farmers under MIS

Union Agriculture Minister Shivraj Singh Chouhan on Friday said the Centre will provide financial support to red chilli farmers of Andhra Pradesh and a decision will be taken soon in this regard. He said the ministry is likely to provide help to farmers of the state under the Market Intervention Scheme (MIS). On Thursday, Andhra Pradesh Chief Minister N Chandrababu Naidu urged the Centre to help red chilli farmers under the MIS in view of a fall in prices. Naidu held a discussion with Chouhan through video conference. In a press conference on Friday here, Chouhan assured that the Centre will be providing financial assistance under the MIS and modalities are being worked out. That apart, he said the Centre is also making efforts to boost exports of red chilli. According to a statement, the agriculture minister on Friday held a meeting to look into the problems of chilli farmers of Andhra Pradesh. Union Aviation Minister Kinjarapu Ram Mohan Naidu was also present in the meeting. Ch

Andhra-origin scientist leads US team to historic black hole breakthroughs

Largest samples of intermediate-mass black holes and dwarf galaxies hosting active black holes have been discovered by a team of scientists led by Indian-origin astrophysicist Raga Deepika Pucha

Andhra electricity regulator approves power purchase from Seci for FY26

The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved the purchase of over 4000 million units of power from Solar Energy Corporation of India (SECI) during the next fiscal, after the state DISCOMS have approached the regulator seeking its nod. The SECI Power Sale Agreement (PSA) with Andhra DISCOMs became controversial after Adani Group chairman Gautam Adani was charged by the US Department of Justice over his role in a years-long scheme to allegedly pay USD 250 million bribe to Indian officials including from AP, in exchange for favourable solar power contracts of 7000 MW in 2021 when YSRCP was in power, an allegation refuted by the Indian conglomerate and also the AP opposition party separately. According to an order by APERC on Tariff for Retail Sale of Electricity during FY 2025-26', issued on Friday, the Commission consented to the PSA with detailed reasoning subject to the outcome in the AP High Court in the pending PILs with regard to the agreement. The .

After Telangana, Andhra permits Muslim staff to leave early for Ramzan

Following Telangana's lead, Andhra Pradesh has permitted Muslim employees to leave work an hour early during Ramzan, triggering a political dispute as the BJP criticizes it as 'appeasement politics'

Temple economy worth Rs 6 trillion is largest economic activity, says AP CM

Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said that the temple economy "valued at Rs 6 lakh crore" is the largest economic activity in the country. Addressing the International Temples Convention & Expo (ITCX), Naidu said that the temple economy is an area where activities take place throughout the year. "With India's temple economy valued around Rs 6 lakh crore, I can say that compared to any other economic activity, this is the biggest. It happens 365 days a yeartemple darshan (visits) or temple town activities. That is the biggest activity. We are all involved in it," said Naidu. Noting that devotees are donating money for a particular cause, Naidu said that the money must be spent by their aspirations. "There is no doubt about it; any government has to abide by and do justice to this," he said, adding that fulfilling the aspirations of devotees is a must. Appreciating ITCX, the TDP supremo said the platform emphasises Artificial Intelligence integration, ...

Bird flu outbreak: Teams deployed, control room set up in Andhra's Eluru

A toll-free number and a command control center have been set up for reporting poultry deaths, and 20 Rapid Response Teams have been deployed to address the situation

Remote work can empower businesses and women: Andhra CM Naidu's WFH push

Andhra Pradesh Chief Minister Naidu looks to expand WFH opportunities to encourage greater workforce participation, calling it integral to modern employment structures

SIT led by CBI arrests 4 people in Tirupati laddu case, say officials

A special investigation team led by the CBI has arrested four people in connection with the alleged adulteration of the famous Tirupati laddus offered as prasad to devotees at Sri Venkateswara Swamy Temple, officials said. Those arrested have been identified as Vipin Jain, Pomil Jain, Apoorva Chawda and Raju Rajasekharan, they said. On the orders of the Supreme Court, the CBI set up a five-member SIT in November last year to investigate the allegations of the use of animal fat in making Tirupati laddus. The team comprised two officers from the central agency, two from Andhra Pradesh Police and one from the Food Safety and Standards Authority of India (FSSAI), they said. In its October 4 order, the apex court, after hearing the petitions by BJP leader Subramaniya Swamy and YSRCP Rajya Sabha MP YV Subba Reddy, among others, said the probe into the allegation of using animal fat in making the laddu would be conducted by the SIT and will be supervised by the CBI director. Andhra Prade