Major Investments for Rayalaseema

The Andhra Pradesh government has taken a significant step towards transforming Rayalaseema into an industrial manufacturing centre and a global horticulture hub. It has signed 23 memoranda of understanding (MoUs) with various companies, paving the way for investments worth ₹5,217.39 crore across the automobile components, aerospace, defence, steel, food processing, textiles and hospitality sectors. The projects are expected to generate 7,613 direct jobs. The agreements were signed at a regional partnership summit jointly organised by the Andhra Pradesh Economic Development Board (APEDB) and the Confederation of Indian Industry (CII) at JNTU in Anantapur on Friday. The event was held as a precursor to the 31st International Partnership Summit scheduled in Visakhapatnam on November 12 and 13. The summit highlighted industrial opportunities in Anantapur, Sri Sathya Sai, Kurnool, Nandyal and Kadapa districts.

Among the major proposals, Hwasin Automotive plans to invest ₹850 crore in four-wheeler components near the Kia plant in Penukonda, while Seoyon proposes to invest ₹514 crore in automobile interior components. Evamet India plans a ₹250-crore auto components unit in Kurnool. Other proposals include aerospace and defence facilities, drone manufacturing projects, and steel plants in Anantapur and Kurnool. Nakoda Dairy plans to establish a ₹340-crore processing unit in Chittoor as part of the proposed global horticulture hub. Textile units are also planned in Sri Sathya Sai district, while hospitality investments include hotels in Anantapur and Kadapa. State Food Processing Department Secretary Chiranjeevi Chowdary said more than 70% of industrial agreements signed with the state government were under implementation. APIIC Managing Director Dinesh Kumar said investment proposals worth ₹22.6 lakh crore had been received over the past two years, with ₹16.16 lakh crore progressing to the allocation stage.