More Prestigious Projects for Visakhapatnam
₹20,000 Cr Investments Approved in 9th SIPB
50,000 Jobs to Be Created Through Four Major Investments
Arrival of Prestigious Companies Will Elevate Visakhapatnam’s Image: IT Minister Nara Lokesh
Visakhapatnam Master Plan Must Align with Future Investments and Needs, Says CM
CM Directs Officials to Ensure Adequate Infrastructure
Amaravati, July 23:
The coalition government’s commitment to generating 20 lakh jobs over five years is steadily bearing fruit. IT Minister Nara Lokesh, Chairman of the Cabinet Sub-Committee on Employment Generation, continues to make significant strides in attracting investment alongside his cabinet colleagues. In a major development, four prominent companies have come forward to invest in Andhra Pradesh.
Renowned firms such as Sify, Sattva, BVM, and ANSR have proposed investments totaling ₹20,216 crore, which were approved during the 9th SIPB meeting held at the Secretariat on Wednesday, chaired by the Hon’ble Chief Minister. These investments are projected to create 50,600 employment and livelihood opportunities.
On this occasion, Nara Lokesh, in his capacity as Chairman of the Employment Generation Sub-Committee, presented detailed insights into the proposed investments. He stated that the entry of such prestigious companies would significantly enhance Visakhapatnam’s standing. He also elaborated on the discussions held with these firms and highlighted their respective strengths.
Following this, the Chief Minister emphasized the need to align Visakhapatnam’s Master Plan with future investments and development needs. He noted that available land in the region is limited and has already been allotted to several companies, including the ArcelorMittal Steel Plant. He stressed the urgency of identifying suitable land for incoming companies and directed officials to undertake proactive planning to avoid infrastructure bottlenecks.
When officials highlighted urban challenges faced by cities such as Pune and Bengaluru, the Chief Minister asserted that such issues must be avoided in Visakhapatnam. He underscored the importance of forward-looking planning, particularly for airport and rail connectivity, highways, and metro networks, so that Visakhapatnam can avoid the urban strains seen elsewhere.
He further added that while setting up industrial units, it is essential to establish ecosystems that also cater to the needs of residents. Comprehensive planning must ensure that these areas are livable and well-equipped for the general public.
Details of Investments by Various Companies
1.Sify Infinite Spaces Ltd will invest ₹1,466 crore in the first phase in Visakhapatnam, creating employment for 200 people. The second phase will see an investment of ₹15,000 crore, generating 400 additional jobs.
2.Sattva Developers Pvt. Ltd will invest ₹1,500 crore in Madhurawada, Visakhapatnam, creating employment opportunities for 25,000 individuals.
3.BVM Energy and Residency Pvt. Ltd plans to invest ₹1,250 crore in Endada, Visakhapatnam, generating 15,000 job opportunities.
4.ANSR Global Corporation Pvt. Ltd will invest ₹1,000 crore in Madhurawada, Visakhapatnam, leading to the creation of 10,000 jobs.
•Sify Technologies is a leading IT firm providing solutions in Information and Communication Technology. The company has a turnover of ₹3,621 crore, while Sify Infinite Spaces Ltd reports a turnover of ₹1,114 crore. The firm will initiate operations across various phases in Andhra Pradesh, with activities set to commence in October this year.
•Sattva Developers Pvt. Ltd, with a strong portfolio in residential, commercial, IT, and ITES parks, operates across eight cities and is currently developing office spaces totaling 80 million square feet.
•BVM, a division of the Kapil Group, will establish a mini smart tech city in Visakhapatnam featuring Grade A+ office spaces, co-working hubs, and residential quarters for employees. The Kapil Group brings prior expertise in financial services, luxury hospitality, and IT park development.
•ANSR Global Corporation Pvt. Ltd is a global leader in designing, building, and managing Global Capability Centers (GCCs). With a workforce of 1.5 lakh employees, the company operates across India, Poland, and the UAE, managing office spaces spanning 12 million square feet.
To date, 113 projects amounting to ₹5,94,454 crore in investments have been approved under the alliance government’s tenure through SIPB meetings. These include 46 projects in the industrial sector, 41 in energy, 11 in tourism, 11 in IT, and 4 in food processing. Collectively, these ventures are expected to generate 5,56,568 employment and livelihood opportunities.
