Construction of Kadapa Steel Plant will begin in 10 days, assures CM Naidu
KADAPA: Chief Minister N Chandrababu Naidu announced that the construction of the much-anticipated steel plant in Kadapa will commence within the next 10 days.
Naidu made this announcement after being re-elected as the National President of the Telugu Desam Party on the second day of the ongoing Mahanadu conclave on Wednesday. The declaration, made by the party's election committee chairman Varla Ramaiah, drew loud cheers from party leaders and workers.
After assuming charge, Naidu addressed the party workers and revealed that the Rs 4,500 crore, three-Million Tonnes Per Annum (MTPA) steel project, set to be developed by industrialist Sajjan Jindal's JSW Steel, is expected to generate over 3,000 jobs and serve as a cornerstone for industrial growth in the region. 'This project alone will provide employment to more than 3,000 people,' Naidu told a cheering crowd. 'It marks the beginning of a new industrial era for Rayalaseema.'
Highlighting his government's commitment to balanced development, the Chief Minister said, 'Our policy is clear—decentralization of development. We are committed to developing every region of the state equally. Large-scale industries must be established in Rayalaseema to ensure balanced growth.'
The Kadapa steel plant had earlier faced multiple delays. However, a recent high-level meeting between CM Naidu and JSW Chairman Sajjan Jindal at the Chief Minister's residence in Delhi helped revive the stalled project, paving the way for swift execution.
Naidu also unveiled a bold blueprint for statewide water connectivity, with the Banakacherla project taking centre stage. Calling it a transformative initiative, Naidu declared, 'Once the Polavaram–Banakacherla linkage is completed, the state will see immense benefits.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Consumer electronics reshuffle: Panasonic exits refrigerators and washing machines in India, to focus on HVAC and B2B
Japanese electronics major Panasonic has exited India's refrigerator and washing machine segments as part of a global restructuring strategy, marking a shift toward more profitable and future-ready verticals such as HVAC, B2B, and home automation. Tired of too many ads? go ad free now The two segments had been loss-making for the company in India, where it struggled to gain market share. According to GfK data, Panasonic's market share stood at just 1.8% for washing machines and 0.8% for refrigerators, with six consecutive years of sales losses reported in both categories. 'This is in line with our global strategy and evolving market dynamics,' a Panasonic Life Solutions India spokesperson said in a statement, quoted PTI. 'We will focus on HVAC – commercial and residential – and televisions in the Panasonic Consumer Business category, and discontinue washing machines and refrigerators.' The company will support dealers in liquidating existing inventory and will continue to offer full customer service including parts and warranty coverage, the spokesperson added. The decision follows a broader directive by Panasonic Group CEO Yuki Kusumi, who in May announced plans to exit unprofitable businesses globally in order to break stagnation and drive future growth, PTI reported. For its India operations, Panasonic will continue to invest in key verticals such as home automation, electricals, energy solutions, and B2B technologies. Its consumer electronics portfolio—spanning air conditioners, televisions, kitchen appliances, beauty products, and Lumix cameras—will remain intact, the company clarified. 'In our journey towards long-term sustainable growth, we acknowledge that the evolving business model has led to certain roles being restructured,' the spokesperson said. 'This is a difficult but necessary step, and we deeply appreciate the contributions of our impacted employees.' Panasonic India reported revenue of around Rs 11,500 crore in FY25, posting double-digit growth overall.
Indian Express
33 minutes ago
- Indian Express
EOW intensifies probe into ‘Salar Jung family's Rs 150-crore land gift to Sena MP's driver'
The Economic Offences Wing (EOW) of Chhatrapati Sambhaji Nagar city police has intensified its probe into a complaint by a lawyer in Parbhani alleging that the driver of a Shiv Sena MP was illegally gifted a three-acre land worth nearly Rs 150 crore, a prime property in Chhatrapati Sambhaji Nagar, by Hyderabad's Salar Jung family. The complaint was filed by lawyer Mujahid Khan, who alleged fraud in the gift deed effecting transfer of the three acres from the Salar Jung family to Javed Shaikh, driver of Shiv Sena MP Sandipan Bhumre, whose son Vikas Bhumre is an MLA. Speaking to The Indian Express, the investigation officer of the case and EOW inspector Sambhaji Pawar said the EOW received the complaint around two months back and since then an inquiry has been going on into the matter, and that recently the inquiry has been expedited. As per the complaint filed with the EOW, the three-acre land in question is in the Dawoodpura area on Jalna Road in Aurangabad and is part of a 12-acre land belonging to the Salar Jung family. Shaikh has claimed he knows the Salar Jung family well. The lawyer, however, has questioned as to why would the Salar Jung family give such a high-value land to a driver. Khan also claimed that for the same land, the Salar Jung family fought a long legal battle with the revenue department and claimed it in 2023. 'We are checking the legality of the land transfer gift deed. We have already recorded some statements and have summoned other people concerned, including the kin of the Salar family,' Pawar said. 'We have summoned Shaikh in the past. He told us he would come with some documents but did not turn up again. We again served him summons recently. Similarly, kin of the Salar Jung family have also been asked to remain present for the inquiry with relevant documents,' Pawar added. The police have so far not registered any FIR in the case and are checking if a cognisable offence was committed. When asked if the police have recorded the statements of Vikas Bhumre and his father Sandipan Bhumre, the investigation officer said the inquiry is at a preliminary stage and for now they have not been found connected to the alleged irregularities; hence, they have not been summoned yet. Vikas Bhumre reportedly denied any link of his family with their driver Shaikh's land gift deed.
NDTV
44 minutes ago
- NDTV
"Rs 19 Lakh Security Deposit": Canadian Man Stunned By Bengaluru's Rental Norms, Calls It "Bonkers"
Needless to say, housing in Bengaluru is extremely expensive, and finding a decent place to rent or buy can be a real challenge. Recently, a Canadian man living in India sparked a discussion online after expressing shock over the city's rental norms, particularly the requirement of high security deposits. Taking to X, Caleb Friesen shared a screenshot of a property listing for a 3BHK apartment in the city's upscale Diamond District in Domlur. The rent? Rs 1.75 lakh a month. But it was the security deposit, a staggering Rs 19.25 lakh, that left him baffled. "Rs 19 lakh for security deposit! absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit. anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh," he wrote while sharing the picture of the property listing. Take a look below: Rs. 19 lakh for security deposit! absolutely bonkers what landlords are expecting these days, I could literally buy a new Mahindra Thar for less than this deposit anyone know of a place in/around Indiranagar with 2-3 months deposit only? rent price range Rs. 80 to 1 lakh — Caleb (@caleb_friesen2) June 28, 2025 The post has gone viral on X, garnering more than 43,000 views. It has sparked a discussion about Bengaluru real estate and rental prices. "I'd say that you should be prepared to get your hopes quashed with your requirement. House renting is a mafia in this city," wrote one user. "This is why some finfluencers say that buying houses is a waste of money. According to them paying high amounts as interest free security deposit is better than paying EMIs!" commented another. "I was thinking about moving to Bangalore after I left Chennai. But, after 1st round of interview with that office in based in Bangalore I checked properties around. All of them have sequrity diposit more than my salary. So, dropped idea of moving to Bangalore," shared a third user. "So landlords are demanding a literal kidney's worth of money for deposit. What a joke!!" expressed another. "Actually he is being nice here. It's 10 times the rent in Bangalore. Which is 21 lacs. Crazy!" one user wrote. The post also prompted some hilarious responses. "Don't buy a Thar. That's for special folks only," quipped one user. "Negotiable rent and non-negotiable deposit!" Jokingly said another.
