Investment of Rs 3,008 Crore Allocated to 13 Projects:
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy laid the foundation stone online for nine projects and inaugurated three projects in the food processing and ethanol production sectors from his office in Tadepalli.
Reddy highlighted that due to the state’s favorable Ease of Doing Business (EoDB) policies, industrialists are keen to invest a total of Rs 3,008 crore in 13 projects, which will create direct employment opportunities for 7,000 local youths and benefit 91,000 farmers through food processing units. He also assured full cooperation and support to these companies and expressed readiness to address any issues they may encounter.
Reddy thanked the district collectors for their swift cooperation with industrialists and anticipated that these new industries would be operational within the next 6 to 18 months, contributing to the economic development of the region and providing jobs for local residents.
The Chief Minister inaugurated several industrial and food processing units during the event, each with its own investment and employment prospects.
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