Andhra Pradesh has witnessed phenomenal growth in the Industries and Infrastructure sectors, apart from employment generation. In the past 55 months, over 311 major industries were set up in the State, creating over 1.3 lakh job opportunities.
As many as 386 Memoranda of Understanding (MoUs) for investments worth ₹13.11 lakh crore were signed at the Global Investors Summit (GIS). These MoUs are expected to create another 6 lakh jobs, according to a press release by Information and Public Relations (I&PR).
The MSME sector is booming, with over 3.94 lakh units set up in the State, generating employment for over 26.29 lakh people. The government initiatives helped in the establishment of 54 clusters across the State. To help MSMEs recover, the government gave an assistance of ₹2,087 crore as a ‘Restart Package’.
