While speeding up the construction of the capital city of Amaravati on the one hand, Chief Minister N Chandrababu Naidu is seriously focusing on attracting investments to establish new industries and creation of employment opportunities. Chandrababu, who had previously reviewed the resources and industrial scenario in the state with the officials, recently discussed them once again.
During the previous regime, many industries including Kia and Amarraja were established in the state. Many other industries have signed MoU. However, after the change of government and harassment by the YCP regime, several industrialists prefer to migrate to other states.
Now, the state government is expecting that BPCL is likely to set up an oil refinery in the state at an investment of over Rs 75,000 crore with the cooperation of the Narendra Modi government at the center. The Chief Minister discussed the issue with senior officials, who are in constant negotiations with the BPCL management.
Chief Minister Chandrababu has directed the officials to ensure that all the information related to investments in the country and the expansion of companies with a turnover of Rs 1,000 crore and more, should reach him from time to time.
He advised the officials to bring to his attention all the developments in the fields of foreign educational institutions, corporate and business, which are showing interest in investing in India.
He also directed to put national level newspapers which report financial, business and investment affairs news from Mumbai and Delhi on its dashboard every morning. The CM believes that by keeping abreast of developments in the business and industrial sectors, the opportunities available to the state to attract investments can be utilized.
If any big companies are preparing plans for their expansion, the CM’s strategy is to know the information in advance and consult with them and bring investments to the state. As a part of that, the authorities were given orders to this effect.
The CM believes that AP can be seen as a suitable center for investments in the corporate sector, thereby achieving large-scale investments. Chandrababu is preparing the necessary plans for the development of the state while being busy in activities like putting the destroyed government systems in the ditch, cleaning the bureaucracy, giving time to the party workers and leaders.
