Dawn of industrial era

Chief Minister N Chandrababu Naidu has reviewed with the officials the new policies to be brought in for the establishment of industries in the State. The CM discussed with them the agreements made for investments on various occasions during the past 10 years and their current status. He said that when the Telugu Desam government was in power earlier, agreements were made for investments worth Rs 16 lakh crore, but due to the policies followed by the succeeding government, the industrialists stepped back. Many companies have cancelled investment agreements and new companies have not come due to the industrialists being put in trouble and subjected to political harassment. He said that there is a need to create trust among industrialists again.
Naidu instructed the officials to bring five new policies in the next 100 days and said that new industrial policy, MSME policy, food processing policy, electronic, IT and cloud policy and textile policy should be made ready. The officials were directed to create a favourable environment to attract investments through the best policies. He said that policies should be formulated with the aim of making the State a green hydrogen and green energy hub. Similarly, the CM said that proposals for four new industrial clusters should be prepared and Central approvals should be obtained. The CM ordered to start the process to establish new clusters in Kuppam, Moolpet, Chilamathur, Donakonda or Pamuru. Efforts should be made to establish electronics, pharma, food processing and hardware companies in the respective clusters.
Also, the progress of Krishnapatnam, Nakkapalli, Orvakallu, and Kopparthi nodes was discussed. The meeting also reviewed the status of the bulk drug park to be set up at Nakkapalli at a cost of Rs 11,542 crore, the NTPC Green Hydrogen Hub to be set up at a cost of Rs 60,000 crore and the BPCL projects currently under discussion.
The officials told the CM that the lands taken over for industries were used for other purposes. They said 1,382 acres of land meant for industries in various areas were made house plots. It was explained that land was required for giving houses to the poor, but land was given to industries.
 While 66 percent incentives were paid during the previous Telugu Desam government’s tenure, only 34 percent were given by the YSRCP government. CM Chandrababu Naidu said that the matter of giving industrial incentives will be looked into and believed that there will be good opportunities for investments.
The CM said that while 14,125 acres were made available through 64 industrial parks during 2014-2019, only 31 parks were made available during 2019-2024. The CM said that industrialists and investors have lost faith with such developments. Those who had signed an agreement and went back with the policies of the YSRCP government should be consulted again. The projects related to investment of Rs 1 lakh crore should be completed and employment should be provided to 1,36,260 people within a year. The CM also directed the officials to reduce the land prices in Mallavalli industrial area to encourage investments.