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The Andhra Pradesh State Investment Promotion Board, led by Chief Minister N Chandrababu Naidu, has approved investments totaling Rs 85,083 crore, projected to create nearly 34,000 jobs. Key projects include an integrated steel plant by ArcelorMittal and Nippon Steels, which will invest Rs 61,780 crore and employ 21,000 people. Other notable investments come from LG Electronics, Kalyani Strategies, Phillips Carbon Black, and Azad India Mobility, contributing to significant job creation in the region.
The yacht market, valued at $8.15 billion in 2021, is projected to grow at a CAGR of 6.0% from 2022 to 2028, driven by rising disposable incomes, increased tourism, and a growing demand for luxury recreation. The sailing segment remains popular due to its adventurous appeal, while the 50-meter yacht segment is expected to see significant growth as affluence rises globally. North America leads the market, supported by high disposable incomes and a strong culture of marine recreation.
ChargePoint has launched a $699 Level 2 EV charger aimed at fleet managers, promoting electrification by highlighting total cost of ownership (TCO) benefits. The company anticipates a surge in electric trucks and has introduced Megawatt chargers to support long-haul transport, while collaborating with LG Electronics to enhance its offerings. RMI's analysis shows that electric fleets can be more cost-effective than conventional vehicles, especially when charger installation costs are managed.
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