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Naidu to unveil AP’s industrial policy today

Naidu to unveil AP’s industrial policy today
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Highlights

With an aim to bring global investors to Andhra Pradesh to make it the best business destination by 2050, Chief Minister N Chandrababu Naidu will launch the government’s Industry Mission in Visakhapatnam on Wednesday. This massive event will also witness the unveiling of the state’s Industrial Policy and Sector Policies apart

Hyderabad: With an aim to bring global investors to Andhra Pradesh to make it the best business destination by 2050, Chief Minister N Chandrababu Naidu will launch the government’s Industry Mission in Visakhapatnam on Wednesday. This massive event will also witness the unveiling of the state’s Industrial Policy and Sector Policies apart from the launching a single-desk portal that will facilitate granting clearances for industrial projects within 21 days.


Given that recent surveys estimate India’s growth rate will surpass global superpowers like the US, the Industry Mission of AP will contribute to ‘Make in India’ initiative which will give a major thrust to the national as well as state’s economy. The State Government will sign 46 MoUs with 46 companies from India as well as from countries like Japan, UAE, Canada, etc., attracting total investment worth Rs 35,745 crore.


These MoUs will include investments in sectors ranging from petrochemicals to energy, infrastructure, electronics and manufacturing, food processing, textile, automobiles, etc., thereby generating 72,210 new jobs in the state. As part of the MoUs signed, as many as 48 units will be set up in the state, spanning across various districts. Among these, one company will set up three units.

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