11-Feb-2025 07:07 PM
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Vijayawada, Feb 11 (Reporter) Andhra Pradesh Chief Minister N Chandrababu Naidu has underscored the importance of industrial and IT sector development for the overall progress of the state.
At a meeting with the officials here on Tuesday, the Chief Minister said that Industrial development will propel the state forward on the path of progress. “All sectors must grow together. The industrial sector's growth rate must increase from 6.57% to 16%, the environment sector to 18%, and the construction sector to 10%” he stressed.
Naidu added that during the previous YSRCP government's tenure, industrial growth in Andhra Pradesh had completely stagnated. Since the coalition government took charge, efforts have been made to achieve better results through Speed of Doing Business reforms.
“That is why significant incentives are being provided for industrial development. The establishment of industries will lead to employment opportunities and economic growth for the state. Through the Ratan Tata Innovation Hub, Visakhapatnam, Rajahmundry, Anantapur, and Tirupati are being developed into major industrial hubs,” he said.
With the guidance of experienced professionals, industrial development in the state is being enhanced. Everyone must embrace new ideas and foster an innovation-driven culture. Andhra Pradesh must evolve into an 'Andhra Valley,' similar to Silicon Valley, the Chief Minister said.
Calling for every election promise to be fulfilled, Chandrababu said that efforts are being made to uplift the economically weaker sections. Andhra Pradesh was poised to become the best logistics hub, with a Logistics Corporation being set up to develop ports and airports, Naidu said.
He said that road repairs are being undertaken to fix potholes. “The previous government's actions caused significant harm to the state, but with new policies, all sectors are taking steps toward development. Efforts must be intensified to establish more industrial parks across the state,” the Chief Minister pointed out.
IT, Electronics, and Communications Secretary Katamaneni Bhaskar highlighted the state’s ambitious plans to reshape the IT sector through the "4 Policy" framework. Aiming to train 10,000 students in advanced technology, the government is also making strides in setting up 4G towers under the Digital India Fund Scheme.
An MoU with HDFC has been signed to support startups, and plans are in place to attract Rs 40,000 crore in investments and generate lakhs of jobs by 2029. Special provisions have been made to empower SC and ST entrepreneurs, he added.
Industries, Commerce, and Food Processing Secretary Yuvaraj detailed strategic efforts to enhance industrial growth through MSMEs and sector-specific policies. The government is working towards establishing 175 industrial parks across all constituencies and setting up plug-and-play industrial parks with Rs 2,500 crore.
Efforts are also underway to secure Rs 2,000 crore from the central government under PM-Kisan Yojana...////...