15 US companies assure Rs 5,000 crore investment in Andhra Pradesh, to create 10,000 jobs

15 US companies assure Rs 5,000 crore investment in Andhra Pradesh, to create 10,000 jobs

Nearly 15 companies across industries from the USA have assured to generate 10000 jobs by investing Rs 5,000 crore in Andhra Pradesh. American Hilliard Energy is interested to invest Rs 3,600 crore (USD 600 million) in Ananthapur district of Andhra Pradesh to generate 650 MW solar and wind power. IT Company Cloud Rack also handed over Letter of intent to establish an IT company with an investment of USD 3 million to USD 7 million. Another IT company Glamantech also submitted the letter of Intent to establish their IT Company in Tirupati with an investment of around USD 5 million to USD 10 million. Companies like Architekt Domain.com, Startech Group, steel, aluminium and power sectors also submitted intents to establish their companies in Andhra Pradesh.

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