Apollo Tyres to set up a new plant in Andhra Pradesh

Vijayawada: Andhra Pradesh Chief Minister N Chandrababu.

Amaravati, Dec 1:  Andhra Pradesh cabinet allotted 200 acres of land to Apollo Tyres at Vardaipalem in Chittoor district. The company will invest Rs.525 crore in the plant, which will provide employment to 900 people. The company will buy the land at a cost of Rs.11 lakh per acre.

Cabinet also decided to provide social security pensions to 3.5 lakh more people.

The decision was taken in the first cabinet meeting held at new state secretariat at Velagapudi here. The cabinet meet presided over by Chief Minister N. Chandrababu Naidu took several key decisions.

Minister for information and public relations P. Raghunath Reddy told reporters that 3.5 lakh old age, physically handicapped and widow pensions will be paid from next month.

It was also decided that a medical college, hospital and star hotel will be built in Amaravati at an estimated cost of Rs.4,000 crore. B. R. Shetty Group will be allotted 100 acres land in the state capital.

The cabinet also discussed Amaravti Metro Rail Project. Japanese external agency JICA has pulled out of the project. A French company has come forward to partner with the state government for the project. The Central government will bear 20 percent of the project. The state government will spend Rs.2,500 crore and obtain loan to the tune of Rs.3,500 crore.

The cabinet also discussed the situation arising out of demonetization of Rs.500 and Rs.1000 notes. The ministers brought to the chief minister’s notice the problems faced by people even 24 days after the scrapping of the high value currency notes.

Raghunath Reddy said it was decided to form committees at district, mandal and village levels to promote cashless transactions. The district level committee will be headed by incharge minister while district collector will be vice chairman.

The state will also come out with an app, offering 13 modes of payment to people for cashless transactions for all government services and taxes.

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