Andhra Pradesh chief minister YS Jagan Mohan Reddy has instructed officials to strictly enforce the specially enacted law that provides 75 percent of jobs to locals in both private and government-sponsored industries in the state.
Presiding over the State Investment Promotion Board (SIPB) meeting at the Camp Office on Tuesday, the Chief Minister stated that District Collectors should monitor the implementation of the Act and submit reports every six months.
"We are providing land and other facilities to new industries with the condition of giving 75 percent of the jobs to locals to avoid opposition from the local people," he said, urging officials to ensure that the Act is implemented effectively in all industries.
The support of locals is crucial for the smooth and efficient functioning of these industries, and the officials should keep this in mind.
He also directed officials to focus on developing desalinated water and supplying it to new units to prevent future water scarcity for agriculture and drinking purposes. He mentioned the desalination methods used by Israel and advised officials to follow suit.
The Chief Minister further directed officials to ensure that companies pay Minimum Support Price (MSP) to farmers for their produce.
The following projects were approved by the SIPB:
JSW Neo Energy received approval to set up a 1500 MW hydro storage power project with an investment of Rs. 8104 crore at Bakkannavari Palli of Vempally Mandal in YSR district. The project is expected to generate 3314.93 million units of power annually and provide employment to 1500 individuals. Construction is scheduled to commence in December 2024.
Hero Future Energies' affiliated company, Clean Renewable Energy, will establish a 225 MW solar unit at Kotapadu in Nandyal district and 150 MW wind power units at Boyala Uppuluru in Anantapur district, Nandyal, and YSR districts. The company plans to invest Rs. 2450 crore and initiate the project in October 2023, with the final phase scheduled for completion in 2025. The project will generate employment for 375 individuals.
May Fair Hotels has been approved to set up a hotel and resort at Annavaram in Visakhapatnam district with an investment of Rs. 525 crore, providing direct and indirect employment for 750 individuals. The hotel project, consisting of villas, a shopping mall, and a golf course, is expected to be completed in four years.
Hayat Group's proposal to establish Hayat International Hotel at Peruru near Tirupati has also received approval. The project, with an investment of Rs. 218 crore, will provide direct employment to 260 individuals and indirect employment to 1296 individuals. Construction is anticipated to be completed within three years.
CCL Food and Beverages has been given the green light to set up its unit at Krishnapalem near Achtutapuram in Visakhapatnam district with an investment of Rs. 1200 crore, providing employment for 1800 individuals.
Additionally, CCL Food and Beverages will establish a unit at Varadayapalem in Tirupati District with an investment of Rs. 400 crore. This project will provide direct and indirect employment to 950 individuals and benefit 2500 farmers engaged in coffee cultivation. The unit is projected to produce 16000 tons of coffee per year.
Gokul Agro Resources will establish an edible oil making unit at Krishnapatham in Nellore district with an investment of Rs. 230 crore. The project will provide direct and indirect employment to 1200 individuals and benefit 2500 farmers.
Another project by Gokul Agro involves the establishment of a coco butter and powder making unit at Sri City in Tirupati district. With an investment of Rs. 168 crore, the project will create job opportunities for 250 individuals and indirectly employ 800 individuals, while also benefiting 3000 farmers.
