AP CM Lays Foundation For Rs 1.36 Lakh Cr Steel Plant in Anakapalli
With a capacity of 17.8 MTPA, the plant will be set up in 5,465 acres in two phases and will create one lakh direct and indirect jobs, according to the government.
Visakhapatnam: Chief Minister N. Chandrababu Naidu has claimed that Andhra Pradesh is the best destination for industrial investments in India.
Naidu set the foundation stone for ArcelorMittal Nippon Steel India’s mega steel plant at Nakkapalli in Anakapalli district on Monday. Joined by Union steel and heavy industries minister H.D. Kumaraswamy, he said the project marked not just the beginning of a steel plant but the foundation of a future Steel City in the region.
The AMNS India project involves an investment of ₹1.35 lakh crore and is expected to generate over one lakh jobs, both directly and indirectly.
Planned in two phases, the plant will have a production capacity of 17.8 million tonnes of steel annually. The project also includes a captive port worth ₹11,198 crore, a four-lane road connecting it to the national highways, and a pipeline for raw material supply. The first phase of production is targeted for 2028, with major blast furnace installations expected by 2030.
Naidu said the choice of AP by a globally reputed company reflected the state’s investor-friendly policies and efficient governance. He thanked Prime Minister Narendra Modi for his support, noting that the project aligned with national initiatives such as Make in India and Atma Nirbhar Bharat.
The CM termed the achievement a success of the “double-engine government.”
Highlighting AP’s rapid industrial growth, Naidu pointed to investments across sectors, including data centres, food processing, manufacturing, and tourism. He said Tata Consultancy Services, Cognizant, Reliance Industries, and Google are among the major companies investing in the state, with a Google data centre coming up in Visakhapatnam soon.
The CM revealed that the state government has signed an agreement with AMNS India to provide skill development training to local youth. He urged the company to prioritise employment for young people from Anakapalli district, stressing that the project will transform North Andhra by boosting jobs, education, healthcare access, and overall economic activity.
Deputy Chief Minister K. Pawan Kalyan, minister N. Lokesh and representatives from ArcelorMittal and Nippon Steel also participated in the ceremony. Naidu promised full governmental support for the timely completion of the project, reiterating his commitment to industrial growth and inclusive development across Andhra Pradesh.
