Rs 69,000 crore investment received, over 130 industries setup, 86,000 employed in AP in last 4.5 years: YS Jagan

AMARAVATI: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has launched and laid foundation stone for a slew of food processing and industrial units worth Rs 1,100 crore with employment potential for over 21,744 persons.

Launching the food processing industries and laying foundation stone for new units virtually from his camp office, Tadepalli, here on Wednesday, the Chief Minister said, “In the last four-and-a-half years, as many as 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.”

YS Jagan said that the MoUs signed at the Global Investors Summit (GIS) were being translated into reality. A special focus was laid on the industrial sector and officials should keep this in mind and continue their cooperation to the investors. The district collectors should handhold the investors and entrepreneurs and extend them necessary cooperation at every step, he added.

YS Jagan launched the 4.2 lakh metric ton capacity edible oil refinery established by Gokul Agro Resources Pvt Ltd at Doruvula Palem in Muthukur mandal of SPS Nellore district with an investment of Rs 250 crore and employment potential of over 1,150 persons. The other industries launched by the Chief Minister included sesame seeds processing unit to be established by Andhra Pradesh Food Processing Society (APFPS) with an investment of Rs 2.5 crore at Peddiredlapalem of L Kota mandal in Vizianagaram district. The unit would be maintained by the L. Kota Jai Kisan Farmers’ Producers Organization employing 20 persons.

The Chief Minister launched the common facility centres 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. He 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 foundations stones for some complexes. All these industries had the potential of attracting Rs 1,785 crore investments and providing employment to 18,034 persons, the officials said.

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 which would provide employment for as many as 310 people. Apart from that, he laid the foundation stone for the Rs 13 Blue Fin Enterprises food products unit at Konada in Vizianagaram district and Rs 12 crore worth tomato processing unit at Pathikonda in Kurnool district. He lauded the officials for expeditiously completing the works and added that he had fulfilled the promise that he had 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 would provide employment to 850 persons. He launched the works of the nutraceuticals unit of the RPS industries which would invest Rs 90 crore and provide employment to 285 persons.

“Out of the 386 MoUs signed at the GIS (Global Investors Summit) at Visakhapatnam in March 2023 to bring in Rs. 13 lakh crore investments with a potential to give employment to 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 preliminary stage,” YS Jagan said and that as many as 1.88 lakh new MSMEs had come up in the State providing employment to 12.62 lakh persons.

IT and Industries Minister Gudivada Amarnath, Agriculture and Food Processing Minister K Govardhan Reddy, Chief Secretary Dr KS Jawahar Reddy and other officials were also present.