CM opens 15 projects, lays stone for 7

Chief Minister N Chandrababu Naidu has appealed to industrialists to focus on reducing product costs and logistics costs. Stating that Andhra Pradesh is more logistics cost-effective with better connectivity, the Chief Minister invited industrialists to invest in AP and make Sri City the best economic zone and infrastructure zone.
The Chief Minister inaugurated 15 industrial projects with a total investment of Rs 1,570 crore, with the potential to create 8,480 jobs. He also laid the foundation for 7 new projects worth Rs 900 crore with a potential of 2,740 jobs. Additionally, five companies signed MoUs on Monday, promising an investment of Rs 1,213 crore and the creation of 4,060 jobs.
The Chief Minister expressed satisfaction with the remarkable progress Sri City has made since its inception, hosting over 200 companies from 30 countries on a single premises, stressing the need for product perfection to meet global competition. He said that the NDA government aims to achieve zero poverty, and industries play a key role in creating wealth and uplifting the economy. He added that the State government has been focusing on hybrid solar and wind power generation.
At the round table conference, the CEOs congratulated him on his resounding victory in the Assembly Elections and conveyed their enthusiasm for his new term, expressing confidence in the implementation of industry-friendly policies under his leadership.
Stating that “Andhra Pradesh has always been at the forefront of industrial development,” the Chief Minister said, “With our strategic location, skilled workforce, and proactive governance, Andhra Pradesh is the ideal destination for industries.
Since 2015, we’ve been ranked No. 1 in Ease of Doing Business, but it’s time now to focus on the ‘Speed of Doing Business’ to truly elevate our industrial landscape.” The Chief Minister added, “Let us work together to bring down the cost of production and create an integrated logistics and infrastructure network to make Andhra Pradesh a global industrial hub.”
Chandrababu Naidu emphasised that AP aims to become a leader in product-perfect manufacturing, ensuring zero poverty, and promoting Telugu entrepreneurs globally. He urged industry stakeholders to participate in achieving this goal.