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Under the leadership of Chief Minister Chandrababu Naidu, the NDA government has raised high expectations across various sectors for the creation of wealth and employment opportunities over the next five years. Known for his proactive approach to investment attraction, Naidu's tenure has been eagerly anticipated by job seekers and business communities alike.
Under the leadership of Chief Minister Chandrababu Naidu, the NDA government has raised high expectations across various sectors for the creation of wealth and employment opportunities over the next five years. Known for his proactive approach to investment attraction, Naidu’s tenure has been eagerly anticipated by job seekers and business communities alike. In a significant step towards fulfilling these expectations, Naidu is set to inaugurate 15 new companies in Sricity, Tirupati. On the agenda for today, Naidu will arrive at Renigunta airport in Tirupati from Vijayawada at 11:30 AM. Following his arrival, he will head to Sricity to lay the foundation stones for seven new companies and officially commence operations for 15 other companies. This ambitious initiative is expected to create 2,740 employment opportunities, bolstered by an investment of ₹900 crore.
The Andhra Pradesh government is also poised to sign agreements with four major companies to secure an additional investment of ₹1,213 crore. This investment will further enhance the state’s economic landscape and generate more job opportunities. Among the prominent international firms involved are South Korea’s LGC, Israel’s Neolink, Japan’s Naidic, and Germany’s Bell Industry, Admira, Autodata, and Bomb-Kotted Special Steels. Naidu will lay the foundation for industries such as China’s NGC, Belgium’s Vermeerion, and Japan’s AG and PE during his visit. Additionally, agreements will be finalized for the establishment of two new industries from Japan, UAE, and Singapore, which will contribute significantly to the state’s industrial growth. After the inauguration events, Naidu will convene a meeting with CEOs of various companies at the Sricity Business Center to discuss future investments and strategies. Following the Sricity event, Naidu will visit the Somasila irrigation project in Nellore district to review its progress. He is scheduled to return to his residence in Undavalli in the evening. This series of events underscores Naidu’s commitment to enhancing Andhra Pradesh’s industrial and economic prospects, setting a robust foundation for future growth.
