Cabinet approves APMDC proposal to raise ₹9,000 crore through debentures

Chief Minster N. Chandrababu Naidu chairing the Cabinet meeting, at the Secretariat on Friday.

Chief Minster N. Chandrababu Naidu chairing the Cabinet meeting, at the Secretariat on Friday.

The Andhra Pradesh State Cabinet, at its meeting chaired by Chief Minister N. Chandrababu Naidu, on Friday approved the Andhra Pradesh Mineral Development Corporation’s (APMDC) proposal to raise ₹9,000 crore through issuance of senior, secured, rated, listed, redeemable, and taxable non-convertible debentures.

According to sources, the Cabinet approved the proposal to establish a ‘Digital Health Nerve Center’ in Kuppam constituency in Chittoor district with an outlay of ₹5.34 crore.

The proposal for creation of 372 Civil Assistant Surgeon (PG Lean) posts in the Central Pool was also cleared. In-service postgraduate doctors would receive corresponding salaries, as part of this initiative.

Tourism projects

The Cabinet also approved the Andhra Pradesh Tourism Land Allocation Policy 2024-2029. The policy aimed at developing world-class tourism centers in the Public-Private Partnership (PPP) mode.

Also, a proposal for allocation of 116.974 acres for developing the Havelock Bridge on the Godavari in Rajamahendravaram was cleared. The land would be given to the Andhra Pradesh Tourism Development Corporation.

A proposal to allocate 66.12 acres of land at Thammavaram village of Kakinada Rural mandal in Kakinada district to the Andhra Pradesh Tourism Development Corporation for development of a tourism centre was also approved.

MSME Park

The Cabinet also gave its nod to transfer 27.26 acres of government land at Panukavalasa village of Seethampeta mandal in Parvathipuram-Manyam district free of cost to the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for establishment of an MSME Park.

A proposal for allocation of 10.72 acres of land at Davaleswaram of Rajahmundry Urban mandal in East Godavari district for establishment of an Agricultural College was also given the nod.

Allocation of 2 acres of land on lease for 33 years at ₹1,000 per acre per year for construction of the TDP district office at Gajularega village of Vizianagaram mandal in Vizianagaram district was also approved, sources said.

The Cabinet also approved the amendments to the Andhra Pradesh Panchayati Raj and Rural Development Service Rules, 2001. These amendments were aimed at enhancing the rank of the District Panchayat Officer (DPO) and Principals of Extension Training Centers by aligning various seniority levels within the department. This would streamline and rationalise different roles, eliminating duplication of cadres, with the goal of improving services to the rural population.

The Cabinet also approved the proposal to amend the Andhra Pradesh Private Universities (Establishment and Regulation) Act, 2016, to rename Centurion School of Rural Enterprise Management Trust, Bhubaneswar, as Centurion Education Management Trust, Visakhapatnam.

The amended A.P. Private Universities (Establishment and Regulation) (Amendment) Bill, 2025, would be introduced in the Legislative Assembly for approval.

Allocation of liquor shops

The Cabinet ratified the proposal for allocation of 335 liquor shops to the Goud community, four shops to the Sondi community, and one shop at Maddiralapadu village of N.G. Padu mandal in Prakasam district under the previously issued government orders.

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