Andhra Pradesh Chief Minister N Chandrababu Naidu launched the Rs 405-crore Jonnagiri gold mining project.
The project is expected to ramp up production to 900 kilograms of gold annually by the second year.
The mining venture aims to generate approximately 700 direct employment opportunities for local residents.
Andhra Pradesh expects significant revenue, projecting up to Rs 144 crore in annual royalty earnings.