February 23, 2020

The Government of Andhra Pradesh facilitated a total investment of INR 20,000 crores from 39 large & mega industrial units in the State since June 2019. These investments are expected to generate 33,000 jobs.

GoAP facilitates a total investment of INR 20,000 crores, expecting to generate 33,000 jobs.

The Government of Andhra Pradesh facilitated a total investment of INR 20,000 crores from 39 large & mega industrial units in the State since June 2019. These investments are expected to generate 33,000 jobs. Further, eight more large & mega units at an outlay of INR 7,916 crores and employment potential of 4,086 are under trial production stage, while eight more units with an investment of INR 8,663 crores and employment potential of 14,205 are in the machinery erection stage.

The Government is also focusing on the MSME sector, with over 6,572 MSME units getting established in the State with an investment of INR 1,840 crores providing employment to 49,001 persons during the period.

Dr. Rajat Bhargava, Special Chief Secretary, Industries & Commerce Dept. said that the Government is following a focused approach to attract industries in areas where the State holds natural competitive advantages. A new industrial policy with a focus on faster clearances and transparency and accountability in land allotments is on the anvil in the State.

To further attract investments and take forward the projects in the pipeline, a high-level delegation from Andhra Pradesh is visiting Saudi Arabia this week to promote the State and attract investments in key sectors, such as agriculture, food processing, pharmaceuticals, oil and petrochemicals, and information technology.

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