CM unveils industrial projects worth Rs 1,072 crore
VIJAYAWADA: Chief minister YS Jagan Mohan Reddy is set to unveil a series of groundbreaking projects in the state. Set against the backdrop of industries and commerce, as well as food processing, these initiatives are primed to redefine the industrial landscape of Andhra Pradesh.
With a total investment of Rs 1,072 crore, these projects stand as a testament to the government’s unwavering commitment to spurring economic growth and development, with particular focus on MSME sector.
These projects will pave the way for employment for a substantial workforce comprising 21,079 people.
Under the ambit of industries and commerce, an investment of Rs 670 crore has been earmarked, with the particular focus on MSMEs. A strategic move to diversify the industrial portfolio, industrial projects encompass the realms of pharma, nutraceuticals, industrial development, and flattened factories complexes and a common facility centre in the printing cluster.
Four food processing units are slated for groundbreaking and inauguration by the chief minister on Wednesday. Under food processing units, an investment of Rs 402 crore has been earmarked. The projects encompass the inauguration of an edible oil refinery plant in SPSR Nellore and a sesame processing unit in Vizianagaram. The chief minister laid the foundation stone for the starch processing unit in Eluru district and the manufacturing of RTE/RTC products with units being set up in Vizianagaram and Kurnool.
The chief minister inaugurated the Kakinada Printing Cluster, an establishment by the Sri Satyadev Printing Cluster Association. Orchestrated through 250 beneficiary MSMEs, this initiative aims to generate 1,000 direct employment opportunities and an additional 5,000 indirect employment opportunities.
In a strategic move towards bolstering pharmaceutical infrastructure, Sigachi Industries Pvt. Ltd is slated to establish a greenfield pharmaceuticals (API) plant with a production capacity of 72,000 MT per year. This venture, integral to the Orvakal Mega Industrial Hub in Kurnool, boasts an investment of 280 crore and is expected to provide employment to 850 people. The plant is spread across 25 acres of land.
Meanwhile, RPS Industries Pvt. Ltd, known for its expertise in nutraceuticals, is embarking on a greenfield project to set up a grain-based bio-ethanol manufacturing unit. This initiative, situated within the Orvakal Mega Industrial Hub in Kurnool, comes with a total investment of 90 crore, promising job opportunities for 285 people over an expansive 11-acre landscape.
The ambitious development agenda extends further with a comprehensive slate of 17 infrastructure development projects spanning various districts. Cumulatively valued at 1,642 crore, these projects are anticipated to generate employment for 16,731 people.
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