NRIs to Promote Investment Fund for Andhra Pradesh

By NRI Realty News Desk · February 18, 2026

NRIs from Andhra Pradesh, Venkatesh Tadinanda and Pradeep Shenoy have taken the initiative in setting up the Andhra Pradesh Investment Fund in partnership with Hyderabad based entrepreneur Indira Porwal.

The nri
Investment Fund, financed by zealous NRIs who are eager
to make a contribution to the growth of their home state, will
promote ventures and projects in Andhra Pradesh.

The investments
would be directed to IT, biotechnology and other knowledge based
industries.
Venkatesh, the CEO of the Fund revealed that capital would be
raised in two phases.

USD 2 million would be raised by the year-end,
while another USD 5 million would be generated in 2008. NRI investors
could invest between USD 25,000 to USD 100,000 in an investment
pool.

The fund has a dual objective: to provide a global platform
for local talent, while maximising financial returns. Entrepreneurs
would be assisted in their ventures at every stage, from conceptualization
to marketing of their product.

An amount of USD 350,000 has been raised so far, and four more
fundings are expected.

The state Ministry for IT and Communications
is hopeful that small and medium enterprises would gain from
this fund, which would in turn create employment opportunities
in Andhra Pradesh.

This is not the trio’s first venture – Solivar Inc is a software
development company based in Hyderabad set up in 2000 by Venkatesh
and Indira to provide high quality solutions in the field of
insurance and healthcare.