N Chandrababu Naidu approves 5 proposals
Posted October 18th, 2017, 10:14 AM IST
During the meeting held in his residence on Tuesday, the SIPB presented the five proposals for his perusal and approvals and discussed the incentives that they collectively recommended. The Chief Minister said that the incentives provided to the industries must be liberally designed so that Andhra Pradesh continues to welcome more industries to develop the state.
An IT firm, Conduent Inc., will be investing Rs 649 crore for their project in Visakhapatnam. The project includes diversified business process services and generates direct employment for 5,000 people. Gouttephone Technologies (P) Limited, an electronic goods manufacturing company, will set up a unit in 5 acres for touch panel manufacturing at Atchutapuram and Visakhapatnam. Their investment amounts to Rs 504.07 crore and committed employment (direct) to 300 people.
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