CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Tata Group to invest in 20 hotels and an IT centre in Andhra Pradesh
Hospitality and Healthcare - Nov 13,2024 -Tata Group is set to make a significant investment in Andhra Pradesh, with plans to establish 20 hotels and a state-of-the-art IT center in the state. The announcement was made by Tata Group Chairman Natarajan Chandrasekaran during a recent visit to Vijayawada. This project is part of the company’s ongoing efforts to expand its presence and contribute to the region’s economic development.
The hotel chain will span multiple cities across Andhra Pradesh, including key locations such as Vijayawada and Visakhapatnam, catering to both business and leisure travelers. Additionally, the IT center will focus on boosting the state’s technology and innovation landscape, providing high-tech solutions and creating employment opportunities.
Chandrasekaran emphasized that the Tata Group's investment would help enhance infrastructure, generate jobs, and foster skill development, aligning with the state’s vision to become a key hub for business and technology in the region. The group’s diversified portfolio, which includes hospitality, IT services, and infrastructure, is expected to have a significant positive impact on the local economy.
The Andhra Pradesh government has expressed its full support for this initiative, highlighting that Tata Group's involvement in these sectors will contribute to the state's growth trajectory and its goal of becoming a major investment destination.
This investment is expected to create numerous direct and indirect job opportunities, particularly in hospitality, technology, and construction sectors, and will help in the development of both urban and rural areas in Andhra Pradesh.
Company : Tata GroupRecent News
◉ SWELECT Energy secures over 150 MW of solar module - Mar 13,2025◉ RVNL emerges as lowest bidder for Rs 554.64 crore road contract - Mar 13,2025
◉ MoU inked for developing Multi-Modal Logistics Park in Varanasi - Mar 13,2025
◉ Danfoss India to invest Rs 1,200 crore by 2028 - Mar 13,2025
◉ SJVN to develop Rs 9,500 crore pumped storage project - Mar 13,2025
◉ JNPA signs concession agreement for Rs 285-crore agri-processing facility - Mar 13,2025
◉ Montra Electric opens e-SCV manufacturing plant in Chennai - Mar 13,2025