Investments Galore in AP: CM Jagan Launches a Spree of Industries

Amaravati, Nov 29: Chief Minister YS Jagan Mohan Reddy launched and laid the foundation stone for a slew of food processing and industrial units worth Rs. 1100 crore, with employment potential for 21,744 persons.

Launching the food processing industries and laying the foundation stone for new units virtually from the Camp Office here on Wednesday, the Chief Minister said that MoUs signed at the Global Investors Summit (GIS) are being translated into reality.

He emphasized a special focus on the industrial sector and called upon the officials to keep this in mind and continue their cooperation with the investors. Especially, district collectors should handhold the investors and entrepreneurs, extending necessary cooperation at every step, he said. The Chief Minister inaugurated the 4.2 lakh metric ton capacity edible oil refinery established by Gokul Agro Resources Pvt Ltd at Doruvula Palem in Muthukuru Mandalam of SPS Nellore district with an investment of Rs. 250 crore and employment potential for 1150 persons.

The Chief Minister also launched the Rs. 2.5 crore sesame seeds processing unit established by APFPS at Peddiredlapalem of L. Kota Mandalam in Vizianagaram district. It will be run by the L. Kota Jai Kisan Farmers’ Producers Organization and employ 20 persons.

He also launched the common facility centers at the printing cluster in Kakinada industrial estate established by the Industries Department with an investment of Rs. 15 crore and employment potential for 1000 persons.

The Chief Minister also launched 21 industrial development projects and factory complexes established in 18 districts by the Industries Department with an investment of Rs. 286 crore and laid foundation stones for some complexes. They have the potential to attract Rs. 1785 crore in investments and provide employment to 18,034 persons.

The Chief Minister laid the foundation stone for the Rs. 144 crore maize-based food processing unit to be established by Sri Venkateswara Bio Tech Pvt Ltd at Kommuru in Eluru district. It has employment potential for 310 persons.

He also laid the foundation stone for the Rs. 13 crore Blue Fin Enterprises food products unit at Konada in Vizianagaram district. It will produce potato, millet, and wheat-based food products and provide employment to 45 persons.

He laid the foundation stone for the Rs. 12 crore tomato processing unit at Pathikonda in Kurnool district. This unit will be run by the Pathikonda Farmers Producers Association. Laying the stone, he lauded the officials for expediting the work in this connection and added that he has fulfilled the promise he made to the people during his recent visit there.

The Chief Minister also laid the stone for the Rs. 280 crore pharma unit of the Sigachi Industries at Orvakal mega industrial hub in Kurnool district. It will provide employment to 850 persons.

He also launched the works of the nutraceuticals unit of the RPS industries, which will invest Rs. 90 crore and provide employment to 285 persons.

He said that out of the 386 MoUs signed at the GIS (Global Investors Summit) at Visakhapatnam in March 2023 to bring in Rs. 13 lakh crore in investments with the potential to employ 6 lakh persons, 33 units have started functioning, and works relating to 94 units are in full swing, while the works of other industries are in the preliminary stage.

In the last four-and-a-half years, 130 large and mega industries have come up across the State with an investment of Rs. 69,000 crore, providing employment to 86,000 persons, he said. With periodical reviews under the aegis of the Chief Secretary and with the proactive role of the officials, we have been able to achieve this collectively, he said, asking them to continue the same tempo henceforth.

It is noteworthy that 1.88 lakh new MSMEs have come up in the State, providing employment to 12.62 lakh persons, he said, adding that the official machinery stood by the MSMEs even during the pandemic times, and the officials should continue the momentum and extend the same cooperation to the entrepreneurs in the future too.

IT and Industries Minister G. Amarnath, Agriculture and Food Processing Minister K. Govardhan Reddy, CS Dr. K.S. Jawahar Reddy, Industries Secretary N. Yuvaraj, Principal Secretary Chiranjeevi Choudary (Food Processing), APIIC VC & MD Praveen Kumar, Handlooms and Textiles Commissioner MM Nayak, Industries Commissioner Ch. Rajeswara Reddy, senior officials, and representatives of several food processing and industrial units were among those present."