Rs 10 lakh cr investment target in clean energy: Bharath

Kakinada: Andhra Pradesh is working to transform itself into a leading industrial destination through technology, global investments and economic growth, said industries, commerce and food processing minister T G Bharath. Addressing the CII regional conference in Kakinada, he said the government was focusing on grounding projects and creating employment rather than limiting industrial development to agreements and announcements.

He said 39 projects worth Rs 92,000 crore, targeting 32,000 jobs, had been identified in the Kakinada region since June 24.

Of these, 28 received approvals and work on 18 projects had commenced. Sixteen MoUs worth Rs 4,256 crore, with employment potential for 14,261 people, were exchanged at the conference. Foundation stones were laid and projects inaugurated for 35 units worth Rs 2,195 crore.

Bharath highlighted Kakinada’s potential in green hydrogen and ammonia, shipbuilding, seafood exports, food processing and chemicals. The AM Green hydrogen and ammonia complex, involving an initial investment of Rs 13,000 crore, is expected to generate 8,000 jobs. The government aims to attract Rs 10 lakh crore in clean energy investments and create 7.5 lakh jobs, he said.

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