The Orvakal Industrial Hub in Kurnool district is projected to attract investments worth over Rs 50,000 crore, according to BigInfo.in. This project is being developed along the Hyderabad–Bengaluru Corridor, with infrastructure works worth Rs 2,786 crore currently underway.
The hub is being developed under the National Industrial Corridor Development Corporation (NICDC). This initiative is expected to foster industrial growth and create significant employment opportunities in the region.
Among the major investment highlights, Agastya Green Energy plans to invest Rs 7,800 crore for a 12 GW solar complex. Additionally, Grydonn Energy is setting up a facility with an investment of Rs 3,149.5 crore.
Indichip Semiconductors, in collaboration with Japan’s Yitoa Micro Technology, is planning a substantial Rs 23,000 crore unit. These investments are poised to drive industrial expansion in the area.
Andhra Pradesh's Industries Minister TG Bharath stated that projects in green energy, semiconductors, food processing, and emerging technologies will play a crucial role within this hub.
These substantial investments are set to bring significant economic benefits to both Andhra Pradesh and Telangana, particularly by boosting industrial development along the Hyderabad-Bengaluru Corridor.
