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The Hindu
The Hindu
National
The Hindu Bureau

Andhra Pradesh signs MoU with Parley for the Oceans; will attract ₹16,000 crore investments in next six years

Parley Y. S. Jagan Mohan Reddy Andhra Pradesh Audimulapu Suresh

The State government entered into a Memorandum of Understanding (MoU) with the U.S.-based “Parley for the Oceans” on plastic-waste management in Andhra Pradesh.

The MoU was signed by Minister for Municipal Administration & Urban Development (MA&UD), Audimulapu Suresh, MAUD Principal Secretary, Y. Sri Lakshmi and Founder of “Parley for the Oceans” Cyrill Gutsch. It was exchanged in the presence of Chief Minister Y. S. Jagan Mohan Reddy, during a programme held at AU Convention Centre, in Visakhapatnam, on August 26. Global Alliance for a Sustainable Planet (GASP) will be partnering the project.

Speaking during the programme, CM Reddy said that as part of the MoU, around ₹16,000 crore investment is expected for Andhra Pradesh in the next six years. This apart, about 20,000 employment will be generated for the locals with a minimum of at least ₹16,000 salary per month.

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