Orvakal Industrial Hub: Project expected to drive investment worth over Rs 50,000 crore
Spread over 2,621 acres, the Orvakal Industrial Hub in Kurnool, Andhra Pradesh, is expected to attract investment worth over Rs 50,000 crore. The project is being developed under the NICDC along the Hyderabad–Bengaluru Corridor, with infrastructure works worth Rs 2,786 crore under way.
Some major investment highlights are:
- Rs 7,800 crore for a 12 GW solar complex by Agastya Green Energy
- Grydonn Energy is setting up a Rs 3,149.5?crore facility
- Indichip Semiconductors, along with Japan’s Yitoa Micro Technology, plans a Rs 23,000?crore unit
Andhra Pradesh's Industries Minister TG Bharath said that projects in green energy, semiconductors, food processing and emerging technologies would strengthen the regional economy.
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