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New investments pour in

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Minister for Industries, Infrastructure, Investment & Commerce, Information Technology, Handlooms & Textiles, Mr Gudivada Amarnath recently laid the foundation stones for a slew of  industries that are being set up with a total investment of Rs 4,178 crores. 

The Minister informed the state government has realized 19% of the proposed investments announced during the global investors summit held in March last year. 

The state government had announced a massive investment of over Rs 13 lakh crores across 386 MoUs signed during the mega summit last year.

‘Over two lakh crores of investments have already been grounded within a span of just 1 year. This is amazing keeping in mind that on an average in summits like these states fulfills 17-18% and we have achieved 19%’ said the Industries Minister addressing a press conference recently.

He said this was made possible under the dynamic leadership of the Chief minister and also alluded to the fact that a specific committee was set up to look into the grounding of the proposed investments made during the global investors summit 2023. 

The minister  laid foundation stones and inaugurated many projects such as AP MSME Corporation, the Birla group, Hella Infra and Vesuvius India Ltd, through online mode.

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