AP SIPB clears projects worth Rs. 2,840.99 Cr
AP SIPB clears projects worth Rs. 2,840.99 Cr

AP SIPB clears projects worth Rs. 2,840.99 Cr

AP SIPB clears projects worth Rs. 2,840.99 Cr

Thursday, Mar 07, 2019
In the meeting, the Chief Minister said that Service sector must show improved results. "There is a vast scope of development of MSMEs, hardware related services, village tourism etc. Food processing industry should be developed in a big way and we must achieve stable industrialization in Andhra Pradesh," he added.

Following are the details of some of the projects cleared by SIPB:
  1. Walsin Electronic India Pvt Ltd plans to set up an electronics manufacturing unit in Tirupati with an investment of Rs. 734.47 Cr that will provide employment to 1,026 people.
  2. GM Modular Pvt Ltd plants to set up an electronics manufacturing unit in Tirupati with an investment of Rs. 133.65 Cr that will provide employment to 2,230 people.
  3. Tecchren Batteries Pvt Ltd plants to set up an electronics manufacturing unit in Sri City, Chittoor with an investment of Rs. 445.86 Cr that will provide employment to 200 people.
  4. Veer O Metals Pvt Ltd plans to set up an electronics manufacturing unit in Gudipalle, Anantapur at a cost of Rs. 41.94 Cr that will provide employment to 240 people.
  5. The Wingtech Mobile Communications (India) Pvt Ltd plans to set up an electronics manufacturing unit in Tirupati at a cost of Rs. 1,031.07 Cr that will provide employment opportunities to 10,098 people.
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