Andhra Pradesh Economic Development Board

Healthium Medtech signed an MoU with APEDB to set up Unit 2 in Sri City, Andhra Pradesh, with an investment of ₹150 crore in two phases. The expansion is expected to create 300 direct jobs by 2027.

Lite Auto Components Pvt Ltd, part of Hindustan Magnesium Products, will invest Rs 500 crore to set up a plant in Andhra Pradesh to manufacture magnesium-based auto components. The plant is expected to create 1800-2000 jobs and will cater to domestic and export markets.