Date: August 19, 2024
AP CM Chandrababu Naidu to Inaugurate 15 New Companies.
Andhra Pradesh is on the brink of a significant economic boost as Chief Minister Chandrababu Naidu prepares to inaugurate 15 new companies in Sricity, Tirupati. This move aligns with Naidu’s reputation for attracting investments and creating employment opportunities, a key focus since his tenure began under the NDA government.
CM Inaugurate New Companies to Boost Employment in AP
Since assuming office, CM Chandrababu Naidu has been proactive in bringing investment to Andhra Pradesh, promising wealth creation and job opportunities across various sectors. His leadership style has led to a wave of expectations, particularly in industries poised for growth. Today, he takes a significant step toward fulfilling those expectations by launching 15 new companies in Sricity, Tirupati.
In addition to Inaugurate 15 new Foundation Stones for Seven More Companies
In addition to inaugurating 15 new businesses, CM Naidu will also lay the foundation stones for seven additional companies. This marks a new chapter in Andhra Pradesh’s industrial development, and Naidu’s vision for the state as a business hub is slowly becoming a reality.
The state government will sign agreements with four leading companies for an investment of ₹1,213 crore. This signifies a massive push for both local and international business investments in Andhra Pradesh.
International Collaborations and Industry Leaders
The new industries span various sectors and include notable companies such as South Korea’s LGC, Israel’s Neolink, Japan’s Naidic, and Germany’s Bell Industry. These international collaborations reflect the global attention Andhra Pradesh is garnering under Naidu’s leadership.
During his visit, CM Naidu will also meet with CEOs of several leading companies at the Sricity Business Center to discuss future developments. Foundation stones will be laid for industries like China’s NGC, Belgium’s Vermeerion, and Japan’s AG and PE. The CM will oversee agreements for the establishment of two industries from Japan, the UAE, and Singapore.
Expanding Andhra Pradesh’s Industrial Base
The expansion of Andhra Pradesh’s industrial base is not only centered in Sricity. Following his engagements in Tirupati, CM Naidu will visit the Somasila irrigation project in Nellore district to oversee further development initiatives. This wide-ranging focus on industrial and infrastructural growth reflects Naidu’s comprehensive strategy for advancing the state’s economy.