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India’s 7.8% Growth Draws Investment Commitments to Andhra Pradesh
A business conference was held in Visakhapatnam on Wednesday.
Union minister Ram Mohan Naidu said India’s economy is growing by 7.8%.
He said Andhra Pradesh is trying to attract businesses by making project approvals faster.
At the conference, the state signed 31 investment agreements worth ₹21,498 crore.
Those agreements could lead to 56,945 jobs.
Another 33 projects worth ₹3,518.73 crore were started or inaugurated.
Those projects could create 9,449 jobs.
The government also says it wants more airports and trained aviation workers.
Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu said India is growing at 7.8% despite challenges.
At a CII regional conference in Visakhapatnam, he highlighted faster project approvals and investment in Andhra Pradesh.
The state signed 31 MoUs worth ₹21,498 crore, with potential for 56,945 jobs.
Another 33 projects worth ₹3,518.73 crore were grounded and inaugurated, potentially creating 9,449 jobs.
The minister said the government aims to open an airport every 45 days and prepare 5,000 aviation professionals.
- Who
- Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu and the Government of Andhra Pradesh.
- What
- A regional conference announced investment agreements and projects, while the minister discussed economic growth and development plans.
- Where
- IIM Visakhapatnam, Visakhapatnam, Andhra Pradesh.
- When
- Wednesday; the article does not specify a date.
- Why
- To promote investment and development in Andhra Pradesh and discuss ways to turn challenges into opportunities.
Key facts
- India growth rate cited
- 7.8%
- MoUs signed
- 31, worth ₹21,498 crore; potentially 56,945 jobs
- Projects grounded and inaugurated
- 33, worth ₹3,518.73 crore; potentially 9,449 jobs
- Project breakdown
- 8 SIPB projects, 3 tourism projects and 22 MSME units
- Approval timeline target
- The APIIC single-window mechanism aims to complete approvals within 6 to 12 months.
- Aviation workforce target
- Prepare 5,000 aviation professionals.
- Airport expansion goal
- The minister said efforts are being made to open an airport every 45 days.
Quotes
Kinjarapu Ram Mohan Naidu
Union Civil Aviation Minister
“Visakhapatnam is increasingly emerging as the ‘Gateway of the Economy’, with rapid development taking place across various sectors. The Centre and the state are working together with new ideas and a long-term vision to accelerate development.”
thehansindia.com
“This decade belongs to India. We are creating miracles by turning difficulties into opportunities. Choose speed… Choose Andhra Pradesh.”
thehansindia.com
Sources
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