Nandyala, Andhra Pradesh 28 September 2022: AP Chief Minister YS Jagan Mohan Reddy has said the industrial sector is booming in Andhra Pradesh while inaugurating the Ramco Greenfield cement factory at Kalvatala village of Kolimigundla Mandal in Nandyala district on Wednesday. He also highlighted the state has been leading by example by topping the country in Ease of Doing Business (EoDB) for the third consecutive year.
Speaking at the ceremony, Chief Minister Jagan said that the government has been helping the industries and their growth since it would increase job opportunities for the local people. “Over 1000 people will get jobs with Ramco industry,” said the Chief Minister.
"We have laid the foundation for the Green Co project in the Kurnool district. Over 20 thousand jobs to be created in the next four years. AP has been topping EoDB only because of the measures taken by the government. Ours is an industries-friendly government," said CM YS Jagan.
The Chief Minister has noted that if farmers come forward to set up solar projects, the government will give a lease for Rs.30 thousand per acre per year. “We will increase the lease by 5 percent every three years. At least 2 thousand acres should be a cluster. AP is number one in the country in terms of growth rate,” the Chief Minister added.
Industries Minister Gudivada Amarnath said that the state is being taken forward with industrial development, and investments are coming only because of the steps taken by CM YS Jagan.
Ramco Company has set up a cement industry at Kalvatala with a cost of Rs.1,790 crore producing 2 million tons of cement annually. The government has granted permission to use 0.5 TMC of water from the Avu Reservoir through a pipeline. Further, the company has set up a 30-megawatt thermal plant on its own.
Corporate Social Responsibility (CSR) development works are being carried out in various villages under the scope of industries. The representatives of the company said that Rs.8.5 crore has been spent under CSR from 2019 to 2022.
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