Rs 1.9L Cr More Investments To Create 2.64 Lakh Jobs In AP: CM
Tells officials to clear all permissions to industries on time
Chief Minister N Chandrababu Naidu at a meeting on interlinking of Godavari and Krishna rivers at Amaravati on Monday
Amaravati: Chief Minister N Chandrababu Naidu on Monday directed the officials to see to it that all the necessary permissions, including allocation of land, are granted on time to those who are coming forward to invest in the State on a massive scale.
Chairing the State Investment Promotion Board (SIPB) meeting at the State Secretariat here, the Chief Minister told the officials to provide all the basic amenities to such industries on a war-footing so that the projects can be completed as scheduled.
Naidu also directed the officials to attract more investments to the State through the incentives and subsidies being extended to the industries.
While the Chief Minister sanctioned permissions to those who are ready to set up their units in the State, the officials told him that at least nine projects are being established in the State now with an investment of Rs1,82,162 cr creating employment to 2,63,411 people. The Bharat Petroleum Corporation Limited (BPCL) is setting up a major refinery in an extent of 6,000 acres at Ramayapatnam in Nellore district with an investment of Rs96,862 cr creating 2,400 jobs, they told Naidu.
The BPCL is planning a township with five blocks comprising a learning centre, refinery, petrochemical unit and an administrative block, the officials told the Chief Minister. The State will get Rs88,747 crore revenue through this project in the next 20 years, they said while the Chief Minister instructed the officials to take steps to complete the project before 2029. The Tata Consultancy Services (TCS) is investing Rs80 crore in the port city of Visakhapatnam providing employment to 2,000 youth. The Azad India Mobility Limited is setting up a green project to manufacture electric buses, three-wheelers and battery packs in an extent of 70.71 acres at Gudipalli in Satya Sai district in the coming six years providing employment to 2,381 persons.
The Balaji Action Buildwell Pvt Ltd is setting up a plant in 106 acres at Rambilli in Anakapalli district with an investment of Rs1,174 crore to create 1,500 jobs while several industrialists are ready to invest heavily in the State.
