Elista to invest Rs 250 crore to set up new facility in Andhra Pradesh
NEW DELHI: Electronics maker Elista India will invest Rs 250 crore to set up a manufacturing plant in Kadapa, Andhra Pradesh, in five years, which will help the company meet the domestic and exports markets demand, Chairman and Managing Director Saket Gaurav said. The investment for the new plant would be funded equally from equities […]
Eye on 2024 polls, Andhra Pradesh Budget allocates lion’s share for welfare
AMARAVATI: Keeping its interests in mind ahead of the Assembly elections scheduled for 2024, the Andhra Pradesh government has allocated the lion’s share of the state Budget — more than Rs 54,000 crore of the total Rs 2,79,279 crore — to Direct Benefit Transfer (DBT) schemes, targeting potential voter segments such as pensioners, farmers, students […]
Andhra Pradesh capital to be shifted to Visakhapatnam;Kicks-off Global Investors’ Summit 2023 with diplomatic meet
NEW DELHI: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday said the State capital would be shifted to Visakhapatnam. Addressing the preparatory meeting for the Global Investors Summit to be held in Visakhapatnam in March, Jagan said he would be shifting his office to the port city in the months to come. ”Here […]
CWC plans to construct 7 warehouses in Andhra Pradesh in next 2 fiscals
NEW DELHI: The Central Warehousing Corporation (CWC) plans to construct seven warehouses in Andhra Pradesh (AP) with a total capacity of over 18 lakh tonnes in the next two financial years, Parliament was informed on Wednesday. Minister of State for Food and Consumer Affairs, in her written reply to the Lok Sabha, said the CWC […]
Aurobindo Pharma receives EIR from USFDA for its Andhra Pradesh facility
NEW DELHI: Aurobindo Pharma Ltd on Wednesday said it has received an Establishment Inspection Report (EIR) from the US health regulator for its manufacturing facility at Pydibhimavaram in Andhra Pradesh. The company’s Unit XI at Pydibhimavaram is an API non-antibiotic manufacturing facility. It was inspected by the US Food and Drug Administration (USFDA) in February […]
Jagan Mohan Reddy inaugurates ITC’s global spices processing facility in Palnadu district
AMARAVATI: Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Friday inaugurated ITC’s global spices processing facility at the Spices Park at Yedlapadu in Palnadu district. The state-of-the-art Rs 200 crore facility will have a capacity to process 20,400 tonnes of spices like turmeric, chilli and blended spices annually in the first phase. Speaking […]
AP’s revenue collection around Rs 26,000 crore in first half of 2022-23: CMO
AMARAVATI: Andhra Pradesh government’s revenue has touched Rs 25,928 crore in the first half of financial year 2022-23, the Chief Minister’s Office said. This was 94.47 per cent of the targeted Rs 27,445 crore for the first half of the year, the CMO said in a release on Thursday, citing officials who took part in […]
Nitin Gadkari lays foundation stones for national highway projects worth Rs 3000 crore in Andhra Pradesh
NEW DELHI: Union Minister for Road Transport and Highways Nitin Gadkari laid the foundation stones for 8 National Highway Projects worth Rs. 3000 crore in Rajamahendravaram, Andhra Pradesh in presence of state Roads & Buildings Minister Dadisetti Ramalingeswara Rao , BJP State President Somu Veer Raju, MPs, MLAs and senior officials. Addressing the gathering Gadkari […]
Biological E’s Mahima Datla richest woman in Andhra Pradesh, Telangana: Report
NEW DELHI: With a wealth of Rs 8,700 crore, Mahima Datla and family, promoter of Biological E Ltd is the richest woman in Andhra Pradesh and Telangana to feature in the IIFL Wealth Hurun India Rich List 2022. She is in the 10th position when it comes to overall list of both the states. Krishna […]
Andhra Pradesh government presents Rs 2.56 lakh crore budget for 2022-23
AMARAVATI:The Andhra Pradesh government on Friday presented the Budget for 2022-23 with a proposed expenditure of Rs 2.56 lakh crore and a projected revenue deficit of Rs 17,036 crore. Finance Minister Buggana Rajendranath presented the ambitious budget although the government fell short of its expenditure estimates in 2021-22 by a whopping Rs 55,182 crore. The […]
Kia India crosses 500,000 dispatch mark from Anantapur plant in Andhra Pradesh
NEW DELHI: Automaker Kia India on Tuesday said it has crossed five lakh units in terms of dispatch across domestic and export markets from its Anantapur plant in Andhra Pradesh. With this, the company has also surpassed the four lakh sales milestone in the country and has already exported over one lakh cars to more […]
Nitin Gadkari lays foundation stone of 51 NH projects worth Rs 21,599 crore in Andhra Pradesh
NEW DELHI: Union Minister for Road Transport and Highways Nitin Gadkari today inaugurated and laid Foundation Stone of 51 National Highway Projects of total length 1380 Km with an investment of Rs. 21,559 crore in Vijaywada, Andhra Pradesh. Speaking on the occasion, Gadkari said under the leadership of Prime Minister Narendra Modi we are committed […]
RINL expects Rs 1,000-crore from sale of 22-acre land in Visakhapatnam
NEW DELHI: State-owned RINL expects to garner Rs 1,000 crore from the sale of its 22.19 acre land located in the heart of Visakhapatnam city, a popular tourist destination in Andhra Pradesh. On Thursday, state-run construction company NBCC had announced signing an MoU with Rashtriya Ispat Nigam Ltd (RINL) for redevelopment and monetisation of its […]
Telangana gets approval for additional borrowings of Rs 2,508 crore
NEW DELHI: After Andhra Pradesh and Madhya Pradesh, Telengana has become the third state to complete urban local bodies reforms stipulated by the Union finance ministry. With the completion of the reforms, the ministry has allowed the state to make additional borrowing of Rs 2,508 crore. The permission for mobilising additional financial resources of Rs […]
Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG
By Surya Desaraju AMARAVATI: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. […]
Jagan Mohan Reddy urges Amit Shah to release Polavaram project funds
AMARAVATI / NEW DELHI: Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Tuesday night called on Union Home Minister Amit Shah and discussed various issues of importance to the state, including releasing funds for the Polavaram project. Reddy submitted a memorandum on Polavaram and urged Shah to consider the second revised cost estimate as […]