Visakhapatnam and Vijayawada Set to Become Andhra Pradesh’s Industrial Powerhouses

YSRCP is formulating major strategies to attract more global investments to the state. As part of this initiative, several companies from the manufacturing and automobile sectors have already invested billions of rupees in Andhra Pradesh. Two days ago, it was known that the CM performed the ground-breaking ceremony for Reliance Bio Energy and Aditya Birla Group industries, which are set to be established with an investment of Rs. 4,178 crores. The government is making efforts to develop Visakhapatnam and Vijayawada as industrial hubs. Kamal Bali, Chairman of the Confederation of Indian Industry (CII) Southern Region, conveyed this information.

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Establishment of Nine-Focused Tracks

Kamal Bali stated that these two cities have the potential to grow into ideal cities and key growth centres for the state. He mentioned that to attract investments and develop the industrial sector in the state, the AP government and CII will work together through joint consultative forums. He stated that they are moving forward with a clear plan in this regard. He mentioned that CII will always support the AP government, which gives top priority to the development of the industrial sector. He expressed confidence that in the coming years, South India will occupy a leading position in the global industrial sector. He mentioned that they have launched a total of nine focused tracks as part of the process. He noted that the initiative includes nine key areas People-Culture Revival, Total Sustainability, Digital Transformation, Energy Transformation, Tech Adoption, Startup Ecosystems, Manufacturing Excellence, Industry 4.0, International Linkages, and MSMEs.

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More Focus on the Fisheries Sector

Kamal Bali explained that to increase manufacturing investments in the state, CII will contribute its support, highlighting Andhra Pradesh as a favourable destination for investments in sectors such as Electronic System Design and Manufacturing, Defence, Aerospace, Pharma, and Biotechnology. With a strong global demand for fisheries exports, he mentioned that efforts would be made to further encourage the development of this sector.