Vijayawada, Nov 30 – Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy launched and laid foundation stone for a slew of food processing and industrial units worth Rs 1100 crore with employment potential for 21,744 persons.
Launching the food processing industries and laying foundation stone for new units virtually from the Camp Office here on Wednesday, the Chief Minister said that MoUs signed at the Global Investors Summit (GIS) are being translated into reality.
The Chief Minister said that special focus is on the industrial sector and called upon the officials to keep this in mind and continue their cooperation to the investors. District collectors should especially handhold the investors and entrepreneurs, extending them necessary cooperation at every step, he said.
He launched the 4.2 lakh metric ton capacity edible oil refinery established by Gokul Agro Resources Pvt Ltd at Doruvula Palem in Muthukur Mandal of SPS Nellore district with an investment of Rs. 250 crore and employment potential of 1150 persons.
The Chief Minister also launched the Rs. 2.5 crore sesame seeds processing unit established by APFPS at Peddiredlapalem of L. Kota Mandalam in Vizianagaram district. It is run by the L. Kota Jai Kisan Farmers’ Producers Organization and employs 20 persons.
The Chief Minister also launched 21 industrial development projects and factory complexes established in 18 districts by the Industries Department with an investment of Rs.286 crore and laid foundations stones for some complexes. They have the potential of attracting Rs.1785 crore investments and providing employment to 18,034 persons.
The Chief Minister laid the foundation stone for the Rs.144 crore maize-based food processing unit to be established by Sri Venkateswara Bio Tech Pvt Ltd at Kommuru in Eluru district. It has employment potential for 310 persons.
The Chief Minister also laid the stone for the Rs. 280 crore pharma unit of the Sigachi Industries at Orvakal mega industrial hub in Kurnool district. It will provide employment to 850 persons.
He said that out of the 386 MoUs signed at the GIS (Global Investors Summit) at Visakhapatnam in March 2023 to bring in Rs. 13 lakh crore investments with a potential to give employment to 6 lakh persons, 33 units have started functioning and works relating to 94 units are in full swing while the works of other industries are in preliminary stage.
In the last four-and-a-half years, 130 large and mega industries have come up across the State with an investment of Rs. 69,000 crore providing employment to 86,000 persons, he said.