Shree Cement plans ₹6,700 crore investments in A.P.: Minister
Shree Cement Limited has announced plans to invest ₹6,700 crore in Andhra Pradesh to expand its operations. The state government expects this investment to create approximately 3,000 jobs across several districts.
Why it matters
Highlights significant industrial growth and economic development efforts in the Indian state of Andhra Pradesh.
Industries and Commerce Minister T.G. Bharath Gupta announced on Tuesday that Shree Cement Limited has come forward to expand its investments in Andhra Pradesh.
Representatives of the company met the Minister in Visakhapatnam and discussed plans to expand their investments in the State. The company representatives informed the Minister that they plan to invest ₹6,700 crore, to expand operations, according to an official release.
The Minister said that the company is particularly keen on investing in the Kadapa, Palnadu, and Anakapalli districts. He stated that if these investments materialise, they could create employment and livelihood opportunities for approximately 3,000 people. He emphasised that the government attaches high priority to industrial development and job creation in the state.
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