Adani Group said on Friday it will invest around Rs 1 trillion in various sectors of Andhra Pradesh over the next ten years, deepening its commitment in the state where it will partner with Google for an artificial intelligence (AI) hub in Visakhapatnam.
HEC will be developed by the Ras Al Khaimah Investment Authority of UAE in association with APIIC. The government gave the land to APIIC at Rs 16 lakh (Rs 1.6 million) per acre, AP's information and public relations minister said after a cabinet meeting. The investing agency had sought 2,000 acres for the HEC. The remaining land would be given in due course, an APIIC official said.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
The Central Bureau of Investigation Monday filed a second charge sheet in the disproportionate assets case against Y S Jagan Mohan Reddy even as another accused in the case Vijay Sai Reddy surrendered before a special court in Hyderabad.
Nasdaq-listed Infosys has said it was the failure of the state government in fulfilling the agreed conditions that led to the delay in executing its 448-acre IT Special Economic Zone project in Hyderabad.
It is not just film stars who are spicing up the poll scene in Andhra Pradesh, but also corporate honchos who are jumping on to the political bandwagon to try their fortunes in Lok Sabha and assembly polls.
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