Shree Cement plans ₹6,700 crore investments in A.P.: Minister
The company plans to expand its operations in Andhra Pradesh, with proposed investments in Kadapa, Palnadu and Anakapalli districts, it is expected to create employment and livelihood opportunities for around 3,000 people, says Industries and Commerce Minister
Industries and Commerce Minister T.G. Bharath Gupta disclosed on Tuesday that Shree Cement Limited intends to expand its investments in Andhra Pradesh by ₹6,700 crore. During a meeting in Visakhapatnam, company representatives informed the Minister of their ambitious expansion plans, which they hope will boost the local economy.
The Minister expressed his enthusiasm, noting that the proposed investments could generate employment and livelihood opportunities for around 3,000 people in Kadapa, Palnadu, and Anakapalli districts. He stressed the government's commitment to industrial development and job creation in the state. The Minister also highlighted that several leading companies are showing interest in investing in Andhra Pradesh under Chief Minister N. Chandrababu Naidu's leadership.
He assured that the government is providing its full support for industrial setup and creating an investor-friendly environment. The prospective investments by Shree Cement, according to the Minister, will contribute significantly to the state's industrial development and large-scale employment generation. Vice-chairman Prashanth Babu and president (Corporate Affairs) Gaurav Jain were present during the meeting with the Minister.
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