THE ANDHRA Pradesh State Investment Promotion Board (SIPB) headed by chief minister Y S Rajasekhara Reddy on Monday cleared the proposals of seven mega industries with an investment of over Rs 10,000 crore, reports Our Bureau from Hyderabad.

According to a statement from the chief minister’s office, the largest among these is the Rs 4,500-crore investment proposal by Brahmani Industries to set up a two-million tonne steel plant in Kadapa district. The plant will be set up in four phases. At the last stage, the project would have made an investment of Rs 20,000 crore with a capacity of 10 million tonnes and job potential for 10,000 people.

The other big proposal approved was by Solar Semiconductor that would set up a photovoltaic solar cell and PV solar module assembly line unit in the upcoming Fab City in Hyderabad with an investment of Rs 4,500 crore and employment potential for 5,000 people.

The SIPB also approved proposals like the Rs 400-crore alloy steel bar production unit with a 2.5-lakh tonne capacity by RKKR Steels at Nellore district, the Rs 100-crore maintenance repair and overhaul facility at the new Shamshabad international airport proposed by Lufthansa Technik, and a Rs 500-crore container glass unit with a capacity of 500 tonnes a year at Nalgonda district, planned by AGI Glaspac. The proposals by Amaravathi Textiles to set up a 1-lakh spindle spinning mill at Prakasam district at an investment of Rs 361 crore, and the one by MRF to establish a truck tyre unit at Medak district with an investment of Rs 300 crore were also cleared by the SIPB on Monday.