MoUs signed at GIS summit translating into reality, says A.P. Chief Minister Jagan Mohan Reddy

Chief Minister Y.S. Jagan Mohan Reddy on November 29 (Wednesday) nearly inaugurated and laid stone for a slew of meals processing and industrial models price

Chief Minister Y.S. Jagan Mohan Reddy launching a slew of meals processing and industrial models nearly from his camp workplace at Tadepalli on Wednesday.

Chief Minister Y.S. Jagan Mohan Reddy on November 29 (Wednesday) nearly inaugurated and laid stone for a slew of meals processing and industrial models price ₹1,100 crore from his camp workplace at Tadepalli, close to right here.

Speaking on the event, Mr. Jagan Mohan Reddy stated that Memoranda of Understanding (MoUs) signed on the Global Investors Summit (GIS) in Visakhapatnam have been translating into actuality.

Out of the 386 MoUs signed on the GIS in March 2023 to usher in ₹13 lakh crore funding and with a possible to provide employment to six lakh individuals, 33 models began functioning, and works regarding 94 have been in full swing, whereas works on different industries have been in preliminary stage, he stated.

“In the last more than four years, 130 large and mega industries have come up across the State with an investment of ₹69,000 crore, providing employment to 86,000 persons,” the Chief Minister stated, including, “With periodical reviews under the aegis of the Chief Secretary and with the proactive role of the officials, we have been able to achieve this collectively. Let’s continue the same tempo henceforth.”

Special focus was on the economic sector. The officers ought to hold this in thoughts and prolong their cooperation to the traders. The district Collectors ought to handhold the traders and entrepreneurs, extending them cooperation at each step, he stated.

“It is noteworthy that 1.88 lakh new MSMEs have come up in the State providing employment to 12.62 lakh persons,” he stated, including that the official equipment stood by the MSMEs even through the pandemic occasions, and the officers ought to proceed the momentum.

Industries Minister G. Amarnath, Agriculture and Food Processing Minister Okay. Govardhan Reddy, and Chief Secretary Okay.S. Jawahar Reddy have been amongst others current.

Source: www.thehindu.com

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