The state’s industries minister says the company is considering investment across three districts, with a projected employment potential of about 3,000 people.
Shree Cement is considering an investment of ₹6,700 crore to expand in Andhra Pradesh, state Industries and Commerce Minister T.G. Bharath said. Company representatives met the minister in Visakhapatnam to discuss expansion plans, The Hindu reported, citing an official release.
The minister said the company was particularly interested in Kadapa, Palnadu and Anakapalli districts. If implemented, the plans could create employment and livelihood opportunities for about 3,000 people. This is a projected potential, not a confirmed outcome; The Hindu did not report a final approval or project timetable.
Shree Cement vice-chairman Prashanth Babu and corporate affairs president Gaurav Jain attended the meeting. Andhra Jyothy reported the same proposed investment and employment estimate, also citing the minister’s announcement.