The Andhra Pradesh government has given administrative permission to various industries to invest ₹72,800 crore, which, upon commissioning, have the potential of creating 20,000 jobs and increasing exports from the present ₹1.70 lakh crore to ₹3.40 lakh crore, according to Chief Minister Y.S. Jagan Mohan Reddy.
Inaugurating the third factory of Ramco Cements set up with an investment of ₹2,500 crore and creating 1,000 jobs, in Kolimigundla mandal’s Kalavatala village in the district, Mr. Jagan Mohan Reddy said this was the first phase of the plant and it would soon be expanded to provide more jobs.
“All this is possible only due to the active support of the State government. The new industries now need to provide 75% of jobs to the locals,” the Chief Minister said.
