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Rs 3008 Crore Investment for 13 Projects

VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy set the foundation stone, online, for nine projects and inaugurated three projects relating to food processing industries and ethanol production plants from his camp office in Tadepalli on Wednesday.

Jagan Mohan Reddy said, "Industrialists are coming forward to invest in the state due to our Ease of Doing Business (EoDB) norms and policies. A total of Rs 3,008 crore in investment is coming from industrialists for 13 projects. These would generate direct employment for 7,000 local youths, while 91,000 farmers would benefit from the food processing units."

Officials signed an MoU with 3F Oil Palm company in the CM’s presence for setting up an oil palm unit with an investment of Rs 250 crore at Ayyavaram in East Godavari district. It would provide employment to 1,500 persons and be beneficial to farmers cultivating oil palm in 25,000 hectares.

Addressing representatives of these companies, Jagan Mohan Reddy promised them full cooperation. The official machinery in AP is happy to handhold the industrialists in transforming into reality the MoUs signed at the GIS at Visakhapatnam in March last, he said, and added that 7,000 persons will get employment from these units.

The CM affirmed, “We are always with you, ready to support you in your endeavours. Please note that we are just a phone call away to solve any issue that you face in launching your units in the state.”

Jagan Mohan Reddy thanked the collectors of 14 districts for extending necessary cooperation in record time to the industrialists who came to set up these industries. He hoped that the new industries will be inaugurated in the next 6 months, or a maximum of 18 months. These would contribute to the economic development of the surrounding areas and provide 70 per cent of the jobs to the local people, he said.

Industrial and food processing units:

The Chief Minister launched the Rs 800 crore Greenlam South Group’s industrial unit at Naidupeta in Tirupati district and the Rs 325 crore cocoa butter and chocolates unit of 42,000 metric tonne capacity set up by DP Chocolates at Sri City. These provided employment to 1,050 and 250 persons respectively.

Jagan Mohan Reddy also inaugurated the Rs 4 crore Banana Processing Cluster of the AP Food Processing Society at Brahmanapalli near Pulivendula in YSR district, which will initially benefit 700 farmers.

The CM set foundation stones for the Rs 544 crore bio-ethanol unit of Eco Steel India at Jajarakallu in Anantapur district, Rs 250 crore Everest Steel Building unit at Madakasira and the Rs 125 crore United Industries Auto Plastic unit at Gudupalli in Sri Satya Sai district, Rs 225 crore Sarvani BioFuels unit at Buddhavanipalem in Bapatla district, Rs 200 crore bio-pesticides unit of the NACL Multichem at Ranasthalam in Srikakulam district and the Rs 200 crore Ravali Spinners unit at Khandavalli in East Godavari district. These units will provide direct employment to 3,250 persons and indirect employment to some others.

The Chief Minister also set the foundation for the instant chutneys and powders unit at Maddi in Visakhapatnam district, being set up by Orill Foods with an investment of Rs 50 crore providing employment to 175 persons and benefiting 1,000 farmers; for the Araku Coffee manufacturing unit at Kodavatipudi in Anakapalli district with an investment of Rs 20 crore providing employment to 200 persons and benefiting 1,000 farmers; and for 13 millet processing units with an investment of Rs 65 crore.

The millet processing units will come up at Palakonda, Parvatipuram, Chintapalli, Bhimili, Rajanagaram, Rampachodavaram, Sullurupeta, Pileru, Jammalamadugu, Adoni, Nandyal and Kadiri.

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