VIJAYAWADA: The State Cabinet assembly held beneath the chairmanship of Chief Minister N Chandrababu Naidu on the Secretariat on Tuesday, determined to set up a new Science, Technology and Innovation Department.
It was additionally determined to rename the present Environment, Forest, Science and Technology Department because the Environment and Forest Department.
A non-cadre area knowledgeable in science, expertise and innovation can be appointed because the secretary of the new division. The intention of the federal government in setting up the new division is to promote science, expertise and innovation in an enormous approach.
The Cabinet additionally gave its nod to restructure Higher Education and Skill Development & Training Departments. Besides clearing the approvals given by the State Investment Promotion Board assembly held on February 18, the Cabinet gave its nod to a number of proposals associated to the allotment of land to numerous establishments notably to renewable power initiatives. The Cabinet authorized the Andhra Pradesh Sick and Stressed MSME Revival Policy (4.0) 2026-31.
The proposal of Advanced System in Package Technologies Private Limited to set up Outsourced Semiconductor Assembly and Test Facility at Tarluvada village in Visakhapatnam district with an funding of `2,387.81 crore was cleared, apart from allotment of 30 acres of land and provision of particular incentives for it beneath the Andhra Pradesh Semiconductor and Display Fab Policy (4.0) 2024-29. The unit has a possible to create 1,000 jobs.
The Cabinet authorized the supply of incentives to Acacia Hotels and Resorts Private Limited for setting up ‘Malaxmi One’ Integrated Ultra-Mega Tourism & Hospitality Project at Amaravati beneath Double Tree by Hilton model, and incentives to Veeranjaneya Hospitality for development of 3-star resort at Rushikonda in Visakhapatnam beneath personal V Hotel model.