Economy News Notes

Andhra Pradesh government signed agreements for investments to the tune of a staggering Rs.1,00,000 crore on Thursday for different projects, including two oil refineries in the State.
The two refineries are proposed to be set up with an investment of Rs.30,000 crore each at Kakinada and in the Petroleum, Chemicals and Petrochemicals Investment Region near Visakhapatnam (PCPIR).
Chairman of the Group Yash Birla said an amount of Rs.10,000 crore would be invested in a poly-silicon plant to make advanced, solar photovoltaic cells and panels, and Rs.1,000 crore in the Global Integrated Ayurvedic village by the Birla Wellness and Healthcare division. The Group would also promote a first-of-its kind sports city at a cost of Rs.2,000 crore.