Tata Power has come forward to invest Rs 40,000 crore in the solar and wind power sector in Andhra Pradesh. It has expressed its readiness to set up solar and wind projects with a capacity of 5 gigawatts. A team led by N. Chandrasekharan, Executive Chairman of Tata Group companies, met with Chief Minister Chandrababu Naidu and IT, Electronics and Human Resource Development Minister Lokesh at the Velagapudi Secretariat on Monday.
The Tata Group has expressed its willingness to set up 20 hotels (Taj, Vivanta, Gateway, Selections, Ginger Hotels) across the state and also set up a large convention center. Chandrasekaran had come to Amaravati last August and discussed with Chandrababu Naidu on the issue of formulating plans for industrial development in the state.
It is noteworthy that he came for the second time in three months without delaying the CM’s suggestion to come with full-fledged proposals. On this occasion, Chandrababu Naidu recalled that Ratan Tata had made a lot of efforts for the development of the state. He said that empowering the lower classes is a true tribute to him.
The Chief Minister said that the Tata Group would continue to be a major partner in the development of Andhra Pradesh. He revealed the details of the discussions with Chandrasekaran on the ‘X’ platform. He said that TCS is committed to establishing a new IT Development Center in Visakhapatnam with the potential to create 10,000 jobs.
Indian Hotels (Tata Group) is exploring the possibility of setting up 20 hotels and a large convention center across the state to boost tourism and industrial development. On the other hand, Tata Innovation Hub will guide the government to achieve its goal of creating entrepreneurs across the state with the ‘One Family – One Entrepreneur’ policy.
In the health sector, we have deliberated on innovating deep tech and AI solutions for primary healthcare. These programs will play a key role in leading the state on the path of development,’ Chandrababu hoped.
Minister Lokesh said that the Tata Group will be a key partner in the state’s economic development as part of the Swarnandhra Vision-2047 document. He stated in ‘X’ that it will provide assistance in the areas of infrastructure, small and micro industries, skill development, and manufacturing.
