A diverse business group, Hinduja Group, has agreed to invest INR 20,000 crore in Andhra Pradesh over several phases, following a meeting with Chief Minister N. Chandrababu Naidu in London. The state government announced the deal on Monday after signing a memorandum of understanding with the Hinduja Group.

The meeting took place in London, where Naidu met with three key Hinduja Group executives: Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables. The discussions focused on investment opportunities in the energy and transportation sectors.

Power Plant Expansion and Renewable Energy Projects

As part of the investment agreement, the Hinduja Group will enhance the capacity of its existing 1,050 MW Visakhapatnam power plant to 1,600 MW. The expansion represents a significant increase in the facility's power generation capacity.

The group has also committed to establishing solar and wind energy projects in the Rayalaseema region. These renewable energy initiatives form a key component of the overall investment package and align with the state's focus on clean energy development.

Electric Vehicle Manufacturing and Infrastructure

The Hinduja Group will establish an electric bus and light commercial vehicle manufacturing plant at Mallavalli in Krishna district. This facility is designed to boost the state's electric vehicle ecosystem and contribute to the automotive manufacturing sector in Andhra Pradesh.

In addition to the manufacturing facility, the agreement includes plans to create a statewide network of electric charging stations. This infrastructure development will be undertaken in collaboration with the government to promote green transport initiatives across the state.

Implementation and Employment Generation

A special fast-track window will be set up to facilitate the implementation of the Hinduja Group's proposals. This mechanism is intended to streamline the approval and execution processes for the various projects under the investment agreement.

The projects are expected to generate significant employment opportunities for the state's youth, according to the government release. The investment is part of a broader strategy to position Andhra Pradesh as a hub for renewable energy and sustainable industrial investments.

Chief Minister Naidu stated that the partnership with the Hinduja Group underscores Andhra Pradesh's growing role as a hub for renewable energy and sustainable industrial investments. He emphasized that the collaboration would help Andhra Pradesh emerge as a green energy and electric mobility hub.

Additional Business Meetings and Prospects

Beyond the Hinduja Group agreement, Chief Minister Naidu held additional meetings with other business leaders during his London visit. He met with Rolls-Royce Group Chief Technology Officer Nikki Grady-Smith to explore prospects in aerospace and defence manufacturing.

The chief minister also interacted with SRAM & MRAM Group Chairman Sailesh Hiranandani and Samco Holding Limited Chairman Sampath Kumar Mallaya. Both executives expressed interest in establishing semiconductor, modern packaging, and battery energy storage facilities in the state.

Naidu assured investors exploring opportunities in emerging technologies and green energy sectors of all necessary support, stating that Andhra Pradesh offers a highly industry-friendly environment. The cumulative investment of INR 20,000 crore is intended to accelerate the state's industrial and clean energy growth across multiple sectors.

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