Chief Minister YS Jagan Mohan Reddy has stated that the focus is on industrialisation, and the progress in implementing the Memorandums of Understanding (MoUs) signed across various sectors during the first edition of the Global Investors’ Summit held in Visakhapatnam in March is being regularly monitored.
He was speaking after laying the foundation stone for a slew of food processing and industrial units across Andhra Pradesh envisaging an investment of Rs 1,100 crore with an employment potential for 21,744 persons.
Launching the food processing industries and laying foundation stone for new units virtually from the Tadepalli Camp Office near here on Wednesday, he said that MoUs signed at the GIS are being translated into reality through periodical reviews unlike the previous government.
He said that out of the 386 MoUs signed at the GIS in March 2023 to bring in Rs 13 lakh crore investments with a potential to give employment to 6 lakh persons, 33 units have started functioning and works relating to 94 units are in full swing while the works of other industries are in preliminary stage. In the last four-and-a-half years, 130 large and mega industries have come up across the State with an investment of Rs 69,000 crore providing employment to 86,000 persons, he said.
