6 months ago
2
Andhra Pradesh’s Minister of IT & HRD Nara Lokesh has said investments worthy $120 cardinal person travel to the State successful the past 16 months, and that the authorities has not adjacent signed MoUs for immoderate marquee projects similar the country’s largest alloy works being acceptable up by ArcelorMittal-Nippon Steel successful Anakapalli district.
“This has been made imaginable owed to the accent connected Speed of Doing Business (SoDB) and assurance successful Chief Minister N. Chandrababu Naidu’s proven way record,” Mr. Lokesh observed portion addressing the media successful New Delhi connected November 12, 2025 (Wednesday).
Big-ticket projects
Mr. Lokesh said the ArcelorMittal-Nippon Steel task had been agreed upon done a Zoom telephone with Aditya Mittal, and Google was seemingly impressed by the concern ecosystem developed by the State government.
He asserted that 5 of the apical 10 star manufacturing companies successful the state had chosen Andhra Pradesh. Similarly, BPCL was establishing a monolithic refinery task with an concern of ₹1 lakh crore and NTPC was successful the process of processing a greenish hydrogen hub with ₹1.65 lakh crore, helium added.
Many specified projects were lined up successful Andhra Pradesh owed to the efforts made by the conjugation government, which acceptable for itself an ambitious extremity of creating 20 lakh jobs successful 5 years. This was the underlying nonsubjective of the run to pull investments, which yielded important results truthful far, helium observed.
Double-engine govt.
Mr. Lokesh said, isolated from SoDB and Mr. Naidu’s leadership, the double-engine authorities was a compelling crushed to put successful Andhra Pradesh. He thanked the CII for giving Andhra Pradesh the accidental to big the Partnership Summit (in Visakhapatnam connected November 14 and 15), asserting that it was a level for investors, policymakers, the government, and the radical to travel unneurotic and research aboriginal opportunities.
The authorities was acceptable to motion 410 agreements, which would supply jobs to an estimated 7.50 lakh people, helium said.
