Reliance pulls out of Andhra Pradesh Rs 15,000 crore project

[Gaali_Gottam_Govinda]

Days after Adani group decided to exit AP and chose Hyderabad to set up its solar powered data centre park, Mukesh Ambani-led Reliance Industries has scrapped its plans of setting up of electronic devices manufacturing plant in Tirupathi, Andhra Pradesh. Many other mobile manufacturers such as Celkon, Micromax, Lava and Karbonn have already established their units in Tirupati.

Earlier in 2018, Reliance has signed an MOU (Memorandum of Understanding) with Telugu Desham government, agreeing to set up two large-scale industries with an investment of Rs 52,000 Cr. While the mobile handset manufacturing unit is planned in Tirupathi with 15,000 Cr, an oil and gas venture is planned in Kakinada with 37,000 Cr.

For proposed manufacturing unit in Tirupati, the previous TDP government has arranged 150 acres of land and the YSRCP government delivered 75 acres, according to state officials. But, around 15 farmers have filed cases against the company with regard to 50 acres of land. Considering the legal issues over these lands, Reliance didn't see any viability in continuing with the project as per agreement.

Reacting to it, State IT minister Gautham Reddy said: 'Most of the companies that have agreed to set up industries in AP during previous government are going back. We are in contact with Reliance regarding their decision to step back.'

 

Jai jagan...........

[idibezwada]

wonderfully played by jagan anna..awwesome

[JambaKrantu]

Farmers case veste daniki YCP em cheyyali

[Hydrockers]

2018 lo MOU chesukunte innalu em pikadu mari

[Ford_Abbai]

2 minutes ago, JambaKrantu said:

Farmers case veste daniki YCP em cheyyali

Wow what a Jaffa drive.  State has to take initiative either provide new land pool or fresh incentives.

 

Not shutting navarandralu and sleeping in idupalapaya. 

 

Jagan in Idupalayapaya..projects  Anni poya...

[Ford_Abbai]

2 minutes ago, Hydrockers said:

2018 lo MOU chesukunte innalu em pikadu mari

Abababa ..we hybrid langa jaffas tapathreyam

.

Tdp gov lo vunte..lol ppts Ani ekhili danclu esetollu

[Biskot2]

 pilladhi abhimanam aa , Gouravama aa , prema aa leka kamist aa ??

[Android_Halwa]

Oh MOU’s uh...

[panipoori]

23 minutes ago, Biskot2 said:

 pilladhi abhimanam aa , Gouravama aa , prema aa leka kamist aa ??

@Pillipilla entidi jaffas meeda araachakam

[boeing747]

Keep calm and say Daddy Daddy

https://m.facebook.com/story.php?story_fbid=2493811577542529&id=100007411322832

[sattipandu]

maa TG ki vasthey bagundu adey unit , if AP has irrevocably lost Reliance 

[idibezwada]

1 hour ago, JambaKrantu said:

Farmers case veste daniki YCP em cheyyali

atleast oka lippi kiss anna ivvali..

[manadonga]

41 minutes ago, sattipandu said:

maa TG ki vasthey bagundu adey unit , if AP has irrevocably lost Reliance 

Mostly it will go tamilnadu 

cell phone industry is in only chittor and vellore only in south india 

oil might go to gujarat

reliance have some thermal plant near kakinada so they plan around locations if not mh or gujarat 

cellphone industry inly chittor or vellore  

[ARYA]

Mou lu anni vachertayaa lol

[Migilindi23]

Heritage kooda dora muyali