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From the United States around 15 companies including industrialists have assured about Rs 5,000 crore investments in Andra Pradesh which will create employment for more than 10,000 people.
According to an official release, the assurances were made to AP Information Technology Minister Palle Raghunatha Reddy, who was on a visit to the US during July 1 to July 8.
American Hilliard Energy Company’s Chairman’s Son Sterling Hilliard has handed over his company’s Letter of Intent for investment of Rs 3,600 crore (USD 600 million) in Ananthapur district of Andhra Pradesh in solar and wind power sector for generation of 650 MW.
It also said that Vice President of Cloud Rack handed over Letter of Intent for establishment of IT company in Tirupati with an investment of USD 3 million to USD 7 million.
