CM Jagan – The New Indian Express

By Express press service

VISAKHAPATNAM: Andhra Pradesh has made rapid progress in industrial development with 98 industries established in the state over the past three years with an investment of Rs 39,350 crore, Chief Minister YS Jagan Mohan Reddy said on Tuesday.

He commanded the Rs 1,250 crore manufacturing unit of ATC Tires in Achutapuram Special Economic Zone (SEZ) in Anakapalle district and pointed out that AP retained the top rank in the ease index to do business for the past three years despite fierce competition and regulations. Rankings are given based on feedback from manufacturers.

“Industrialists like Adani and Ambani are now turning to Andhra Pradesh. This was not the case before,” Jagan said, adding that his proactive government is only a phone call away from resolving any issues faced by industries.

He further announced that the construction of the Adani data center will start next month in Vizag.
Stating that ATC Tyres, part of the Yokohama Group, began production in a record time of just 15 months, Jagan said the plant’s second phase of expansion, which began on Tuesday, will be completed by by August 2023. He added that a total of 2,000 jobs would be created.

Jagan also noted that Century Plywood, Sree Cements and Aditya Birla Group are also setting up factories in the state. He said a total of 56 major industries will emerge in Andhra Pradesh over the next two years with an investment of 1.54 crore, creating employment opportunities of 1.64 lakh.

“There are more than one lakh units in the MSME sector with 10 lakh employees. After YSRC came to power, we not only removed old incentives to MSMEs, but also disbursed Rs 1,463 crore in three years under the takeover,” Jagan said.

“The state recorded a GDP of 11% against a national average of 8%”

The state recorded a GDP of 11.3% against a national average of 8.3%, he pointed out. On infrastructure development, he said the government was building four more ports in addition to the existing six. Besides new ports, nine fishing ports are also under construction. The chief minister said the state’s exports amounted to $19.3 billion, accounting for 4.8% of the country’s total exports. Once the new ports are ready, PA exports will increase by up to 10%.

Referring to legislation requiring companies to offer 75% jobs to local young people, Jagan said there should be a healthy industrial atmosphere and small issues should be resolved through negotiations. The move will instill confidence in entrepreneurs who come forward to invest in the state, he said. Jagan further pointed out that Andhra Pradesh is the only state with three industrial corridors. Japanese Consul General Masayuki Taga said there were two Japanese companies in Visakhapatnam and the tire factory was the third.

CM conducted groundbreaking ceremony or commissioned eight other industries including Pidilite Industries, Megha Fruit Processing Unit, Inox Air Products Private Limited, Optimus Drugs Private Ltd and Win-Win Specialty Insulators Limited.

VISAKHAPATNAM: Andhra Pradesh has made rapid progress in industrial development with 98 industries established in the state over the past three years with an investment of Rs 39,350 crore, Chief Minister YS Jagan Mohan Reddy said on Tuesday. He commanded the Rs 1,250 crore manufacturing unit of ATC Tires in Achutapuram Special Economic Zone (SEZ) in Anakapalle district and pointed out that AP retained the top rank in the ease index to do business for the past three years despite fierce competition and regulations. Rankings are given based on feedback from manufacturers. “Industrialists like Adani and Ambani are now turning to Andhra Pradesh. This was not the case before,” Jagan said, adding that his proactive government is only a phone call away from resolving any issues faced by industries. He further announced that the construction of the Adani data center will start next month in Vizag. Stating that ATC Tyres, part of the Yokohama Group, began production in a record time of just 15 months, Jagan said the plant’s second phase of expansion, which began on Tuesday, will be completed by by August 2023. He added that a total of 2,000 jobs would be created. Jagan also noted that Century Plywood, Sree Cements and Aditya Birla Group are also setting up factories in the state. He said a total of 56 major industries will emerge in Andhra Pradesh over the next two years with an investment of 1.54 crore, creating employment opportunities of 1.64 lakh. “There are more than one lakh units in the MSME sector with 10 lakh employees. After YSRC came to power, we not only removed old incentives to MSMEs, but also disbursed Rs 1,463 crore in three years under the takeover,” Jagan said. “The State recorded a GDP of 11% against a national average of 8%” The State recorded a GDP of 11.3% against a national average of 8.3%, he underlined. On infrastructure development, he said the government was building four more ports in addition to the existing six. Besides new ports, nine fishing ports are also under construction. The chief minister said the state’s exports amounted to $19.3 billion, accounting for 4.8% of the country’s total exports. Once the new ports are ready, PA exports will increase by up to 10%. Referring to legislation requiring companies to offer 75% jobs to local young people, Jagan said there should be a healthy industrial atmosphere and small issues should be resolved through negotiations. The move will instill confidence in entrepreneurs who come forward to invest in the state, he said. Jagan further pointed out that Andhra Pradesh is the only state with three industrial corridors. Japanese Consul General Masayuki Taga said there were two Japanese companies in Visakhapatnam and the tire factory was the third. CM conducted groundbreaking ceremony or commissioned eight other industries including Pidilite Industries, Megha Fruit Processing Unit, Inox Air Products Private Limited, Optimus Drugs Private Ltd and Win-Win Specialty Insulators Limited.