The AP State Investment Promotion Board, chaired by Chief Minister N Chandrababu Naidu, on Thursday cleared seven projects to be set up in the State with an investment of ₹2,840.99 crore.
The SIPB meeting was held at Naidu’s residence in Amaravati. He urged the officials to focus on food processing, tourism and service sectors. The projects cleared by the SIPB include Walsin Electronic India Pvt Ltd, which plans to set up an electronics manufacturing unit in Tirupati with an investment of ₹734.47 crore, providing employment to around 1,026.
The GM Modular Pvt Ltd plans to set up an electronics manufacturing unit in Tirupati, with an investment of ₹133.65 crore, providing jobs to 2,230. Tecchren Batteries plans to set up an electronics manufacturing unit in Sri city, Chittoor, with an investment of ₹445.86 crore, providing employment to 200 people.
Veer O Metals Pvt Ltd plans to set up electronics manufacturing unit at Gudipalle in Anantapur district with an investment of ₹41.94 crore to provide employment to 240 people.
The Wingtech Mobile Communications (India) Pvt Ltd plans to set up electronics manufacturing unit in Tirupati at a cost of ₹1031.07 crore, providing employment to 10098.
The Indus Coffee Ltd plans to set up a freezer dried coffee unit for export purposes at SEZ, Naidupet, at a cost of ₹304 crore, providing jobs to 300 people.