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Major investments withdrawn from Andhra Pradesh


BodiGaadu

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Major investments withdrawn from Andhra Pradesh or became questionable during last 6 months. 

1. Adani Data Centre Vizag - 70000 crore

2. Singapore Consortium to develop business parks in Amaravati - 40000 crores over 15 years

3. Reliance mobile and electronic devices - 15000 crores

4. APP Sinar Mas - 24000 crores

5. Lulu Convention centre Vizag - 2200 crores

6. Ancillaries of Kia - 4790 crores 

#ByeByeAP

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3 minutes ago, BodiGaadu said:

Major investments withdrawn from Andhra Pradesh or became questionable during last 6 months. 

1. Adani Data Centre Vizag - 70000 crore

2. Singapore Consortium to develop business parks in Amaravati - 40000 crores over 15 years

3. Reliance mobile and electronic devices - 15000 crores

4. APP Sinar Mas - 24000 crores

5. Lulu Convention centre Vizag - 2200 crores

6. Ancillaries of Kia - 4790 crores 

#ByeByeAP

Reasons telusuko first , edho edudham.ane agenda 

Reliance .reason

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.

 

As the state was pushed into a virtual political turmoil days after the MoU was signed following TDP's pull out from the NDA, and also due to the 'precarious' financial position of the government, "the Reliance proposal was relegated to the cold storage," a senior official in the Information Technology Department recalled.

Though the state government allotted about 136 acres of land for the project, the transfer could not fully materialise due to court litigation, with some farmers securing a stay on acquisition, demanding higher monetary compensation."As many as 15 writ petitions were filed by the farmers due to which the land could not be utilised for the intended purpose.

The AP Industrial Infrastructure Corporation has now identified alternative land for the Reliance project," state Industry and Information Technology Minister Mekapati Goutham Reddy noted.

Latest update 

AP  govt renews efforts to put Reliance project back on track

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Adani group meedha allegations vunaye coal scam and how the company acted in Tamil Nadu choodu 

The Group, after signing an agreement with the State government of Tamil Nadu started purchasing land. After purchasing more than 2,500 acres of farming lands in Ramanadhapuram village, the group launched preliminary work in August 2015. The group initially assured that it would give job opportunities for the local erudite youth, free water supply and many perks for the villagers. But, nothing was done, and villagers were left without the agreed basic facilities. A group of farmers moved out of their village. Adani Enterprises Ltd has also been accused of involvement in large-scale illegal iron ore exports and bribery of public officials.

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3 minutes ago, Hydrockers said:

Vizag lo jarigina CII summit lo vachina 30 lac crs investment updates pls

lol jaffas arhtnadalu. arey konni months lo Jail ki elle lanjoduki kosam enduku ra intha poratalu

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3 minutes ago, Jailjagan_CM said:

lol jaffas arhtnadalu. arey konni months lo Jail ki elle lanjoduki kosam enduku ra intha poratalu

 

3 minutes ago, Jailjagan_CM said:

lol jaffas arhtnadalu. arey konni months lo Jail ki elle lanjoduki kosam enduku ra intha poratalu

Endi ba cbn gurunchi chebtunava ?

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Asia Pulp & Paper, a brand long targeted by activists for its environmental record and misleading advertising campaigns, earlier this month denied recent allegations by Greenpeace that its owners are engaged in damaging logging practices. In issuing its report, titled “Getting the Facts Down on Paper” [PDF], Asia Pulp & Paper (APP) notes it does not directly own or manage any forest concessions but that its products are produced by several pulp and paper companies in Indonesia including PT. Indah Kiat Pulp & Paper Tbk, PT. Pindo Deli Pulp and Paper Mills, PT. Pabrik Kertas Tjiwi Kimia Tbk, PT. Lontar Papyrus Pulp & Paper Industries, PT. Ekamas Fortuna and PT The Univenus. The report goes on to state there “is no legal entity named Sinarmas Group”, apparently aiming to distinguish itself from Sinar Mas, the Indonesian conglomerate that lists APP on its own home page.

“Sinar Mas group of companies have been misleading their own shareholders as well as traders and analysts,” said Greenpeace in a blog posting. “That’s a pretty serious charge, and surely making announcements like that which knowingly mislead the stock exchange is likely to get them in very hot water.”

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the whole adani 70k crores thing is a sham i think

da fuq do they know of data center business

i recollect someone mentioning here that at its peak thats the max amount that they are looking at investing over a period of time not completely allocated project kind of stuff 

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