Mega industries with a combined investment of Rs two lakh crore are preparing to establish units across 7,000 acres surrounding the Mulapeta Port in Srikakulam district, Andhra Pradesh. Leading global and domestic players including ExxonMobil (US), Haldia Petrochemicals (Kolkata), Yamna (UK), and Kalyani Steels (Mumbai) have submitted proposals for large-scale projects.

ExxonMobil plans to invest Rs 90,000 crore in a greenfield factory capable of producing two million tonne of plastics per year, making it the largest single industrial investment in India to date. The plant will span 1,240 acres, and require 250 MW of power, 0.9 million tonne of natural gas, and 100 million litres of water per day. Haldia Petrochemicals is set to invest a similar Rs 90,000 crore to produce high-density polyethylene, pending discussion in the next State Investment Board meeting.

UK-based Yamna seeks 1,200 acres to manufacture green ammonia, investing Rs 20,000 crore, including a desalination plant. Kalyani Steels has proposed a Rs 30,000 crore port-based steel plant over 2,000 acres. According to Minister Kinjarapu Atchennaidu, the projects will create massive employment and transform North Andhra’s economic landscape.