There was a lack of investments in Andhra Pradesh in the last five years due to the negligent governance of YCP. Once NDA came into power this year, things are getting back on track and just within a few months, AP has already attracted major investments from top companies.
Yesterday, CM Chandrababu Naidu, Deputy CM Pawan Kalyan and a few other ministers participated in the State Industrial Promotion Board meeting and discussed various industrial investments in the state.
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The committee has approved the establishment of 10 major industries, including TCS, Reliance Renewable Energy, Mittal, and Serentica Global, with a total investment of Rs. 85,000 crores. These industries are expected to create around 34,000 jobs.
During the Yuva Galam Padayatra, Minister Nara Lokesh promised to create 20 lakh jobs within five years under TDP's rule. Keeping this promise, the government is working to attract more investments and generate more employment opportunities.
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Here are the details of investments and jobs that are going to be created by major companies: ArcelorMittal (Rs. 61,780 crores, 21,000 jobs), Asta Green Energy Ventures (Rs. 8240 crore, 4000 jobs), LG Electronics (Rs. 5000 crores, 1500 jobs), Greenko Integrated Renewable Energy (Rs. 2000 crores, 1730 jobs), Philips Carbon Black Limited (Rs. 3798 crores, 200 jobs), Bharat Forge's KSSL (Rs. 1430 crores, 570 jobs), Ecoren Energy (Rs. 1662 crores, 350 jobs) and Azad India Mobility (Rs. 1046 crores, 2380 jobs).

