Andhra Pradesh's Industrial Revolution: Naidu's Vision for Balanced Growth
Andhra Pradesh Chief Minister N Chandrababu Naidu announced plans to provide additional incentives to industries investing in the state's backward regions. The SIPB approved 19 projects worth Rs 28,270 crore, aiming to create 30,270 jobs. Naidu highlighted the importance of skill development and tourism as key development drivers.
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- India
In a strategic move to stimulate economic growth in Andhra Pradesh, Chief Minister N Chandrababu Naidu has pledged additional incentives for industries investing in the state's underdeveloped regions.
Following a State Investment Promotion Board (SIPB) meeting, Naidu underscored the transformative potential of establishing industries in these areas, promising to 'distribute prosperity across the state'. An official release cited the approval of 19 projects valued at Rs 28,270 crore, expected to generate employment for 30,270 individuals.
Highlighting tourism, IT, and food processing as pivotal sectors, Naidu also proposed boat tourism projects and luxury cruises in Visakhapatnam, alongside urging consistent skill development efforts for local youth.
(With inputs from agencies.)
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