The Adani Group has come forward with a proposal to establish a titanium park in Gara, Srikakulam district. The company has submitted plans to the state government for an investment of Rs 16,000 crore for this project.
The government aims to produce titanium metal to meet domestic demand. It plans to leverage the abundant beach sand mineral resources available within the state for this purpose.
The Adani Group intends to undertake this project in collaboration with the Andhra Pradesh Mineral Development Corporation (APMDC). The proposal includes setting up a beach sand minerals separation plant.
Additionally, the company plans to construct value addition plants to refine the ilmenite mineral extracted from the separation process. The detailed proposals for this project have been submitted to the state government.
