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New Indian Express
11-06-2025
- Business
- New Indian Express
AP attracts Rs 9.2 lakh crore investments in 11 months
VISAKHAPATNAM: Andhra Pradesh has attracted Rs 9.2 lakh crore investments over the past 11 months, generating expectations of over 8.5 lakh new jobs, Industry Minister TG Bharath said on Tuesday. He was speaking at the first edition of Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 in Visakhapatnam. He credited the investment inflow to the pro-industry policies of the NDA government under Chief Minister N Chandrababu Naidu. 'We are prioritising investor confidence and working to resolve issues faced by industries,' he said. Highlighting recent policy measures, Bharath noted that AP now offers one of the most competitive industrial policy frameworks in the country. He urged business leaders to take advantage of various State incentives, and pointed to the Speed of Doing Business initiative as a key mechanism for facilitating faster approvals. Visakhapatnam MP M Sribharat addressed the gathering, and encouraged industry leaders to identify challenges and contribute innovative solutions. 'Your ideas can help shape the future of industry in Andhra Pradesh,' he said. FAPCCI president Kankatala Mallikharjuna Rao spoke about the State's MSME policy and its benefits for the tourism sector. The event also featured presentation of excellence awards in 11 categories.
Hans India
11-06-2025
- Business
- Hans India
FAPCCI presents 11 awards in across sectors
Visakhapatnam: Industries Minister TG Bharath announced that the TDP-led NDA government under the leadership of Chief Minister N Chandrababu Naidu has successfully regained the trust of national and global investors. Speaking at the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 presentation ceremony held here on Tuesday, the Minister stated that in just one year, the government has secured investment proposals worth over Rs 9 lakh crore, marking a significant shift in investors' confidence. He emphasised that major corporate houses have reposed faith in Andhra Pradesh's leadership and vision. He also highlighted that tenders worth Rs 60,000 crore have been called for in Amaravati, signaling the government's clear intent to fast-track capital development. 'We are taking decisions at a brisk pace to foster ease and speed of doing business,' he informed. Visakhapatnam MP M. Sribharat called on industry leaders to partner with the state's economic development by not only pointing out bottlenecks but also suggesting solutions to address them. The MP announced that 15 key roads in Visakhapatnam are being upgraded at a cost of Rs 500 crore, improving the city's infrastructure backbone. On the much-anticipated Visakhapatnam Metro Project, he informed that the DPR is ready, and a double-decker metro has been proposed for the Rs 15,000 crore-project. Highlighting Andhra Pradesh's push towards digital governance, Sribharat said that over 300 government services are now being offered via WhatsApp, reducing the need for people to interface directly with the officials concerned. He also stressed the importance of collaboration between academia, industry, and government to collectively address challenges faced in the business ecosystem. FAPCCI president Kankatala Mallikharjuna Rao, former president Karunendra Jasti, CV Atchut Rao, among others, addressed the gathering. Recognising excellence in business and entrepreneurship, 11 awards were presented to leaders from across different sectors. It was the first-ever excellence awards hosted by the FAPCCI.
Time of India
10-06-2025
- Business
- Time of India
Andhra Pradesh attracted Rs 9.2 lakh crore investments in 11 months, says industries minister Bharat
1 2 3 Visakhapatnam: Industries minister TG Bharat on Tuesday said the NDA govt in the state had drawn investments worth 9.2 lakh crore within 11 months — an achievement the previous YSRCP regime failed to match in five years. The investments are expected to generate over 8.5 lakh employment opportunities. Addressing the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards 2025 as chief guest, Bharat emphasised the govt's industry-first approach. "Our focus is on restoring investor confidence and addressing the long-standing concerns of the industrial sector," he noted. Highlighting reforms, Bharat said Andhra Pradesh now has among the most competitive industrial policies in the country. He urged entrepreneurs to leverage state-provided incentives and cited the "Speed of Doing Business" initiative for expediting approvals. He also called on businesses to participate in the P4 (People-Public-Private Partnership) model for inclusive growth. Visakhapatnam MP M Sribharat urged industry leaders to identify challenges and offer transformative ideas. "Your innovation could be the game changer Andhra Pradesh needs," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 나이들어 노안+백내장 절대 방치 하지 마세요! 부산백내장노안 전문안과 더 알아보기 Undo FAPCCI president Kankatala Mallikharjuna Rao commended the state's MSME policy, highlighting its generous incentives for tourism projects. These include a five-year 100% SGST exemption from the start of commercial production, full reimbursement of land conversion fees, and industrial tariffs for power bills. He assured that all reimbursements would be processed within six months. Awards were presented in 11 categories. Nekkanti Sea Foods Ltd, Visakhapatnam, was honoured for Excellence in Agri & Aqua Based Industries. Other winners are Ananda Enterprises (Export Performance – MSEs), Efftronics Systems (Product Innovation), and Ms. Annandi Suneetha (Outstanding Women Entrepreneur). Recognitions were also given to Steelon Call (Start-up), Divi's Laboratories (CSR), ITC – Agri Division (Employee Welfare), CCL Products (All Round Performance), Dalmia Cement (Green Energy), Aravind Industries (Rural Entrepreneurship), and Sarda Metals (Export – Large & Medium Enterprises).
The Hindu
10-06-2025
- Business
- The Hindu
Govt. attracted investments of ₹9.2 lakh crore in 11 months: T.G. Bharat
Industries Minister T.G. Bharat on Tuesday said that the Alliance government, led by Chief Minister N. Chandrababu Naidu, has attracted investments worth ₹9.2 lakh crore within 11 months, an achievement the previous YSRCP regime failed to match in five years. The investments are expected to generate over 8.5 lakh employment opportunities. Mr. Bharat participated as the chief guest at the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) Excellence Awards-2025. Addressing the gathering, he emphasised the government's industry-first approach. Restoring investor confidence and resolving long-standing concerns of the industry was the focus of the government, he said. The Minister highlighted that Andhra Pradesh now has the most competitive industrial policies in the country. He urged entrepreneurs to leverage State-provided incentives and cited the 'Speed of Doing Business' initiative for expediting approvals. He also called on businesses to participate in the P4 (People-Public-Private Partnership) model for inclusive growth. Visakhapatnam MP M. Sribharat urged industry leaders to identify challenges and contribute by offering transformative ideas. 'Your innovation could be the game changer Andhra Pradesh needs,' he said. Hailing the State's MSME policy, FAPCCI president Kankatala Mallikharjuna Rao highlighted its generous incentives for tourism projects, which include a five-year 100% SGST exemption from the start of commercial production, full reimbursement of land conversion fees, and industrial tariffs for power bills. He assured that all reimbursements would be processed within six months. The awards were presented in 11 categories. Nekkanti Sea Foods Ltd, Visakhapatnam, was honoured for excellence in agri and aqua-based industries. Other winners included Ananda Enterprises (export performance—MSEs), Efftronics Systems (product innovation), and Ms. Annandi Suneetha (outstanding woman entrepreneur). Other companies recognised were Steelon Call (start-up), Divi's Laboratories (CSR), ITC – Agri Division (employee welfare), CCL Products (all round performance), Dalmia Cement (green energy), Aravind Industries (rural entrepreneurship), and Sarda Metals (Export – Large & Medium Enterprises).
Hans India
08-06-2025
- Business
- Hans India
FAPCCI Excellence 2025 Awards to be presented on June 10
Visakhapatnam: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is presenting its first-ever 'FAPCCI Excellence 2025' Awards on June 10 in Visakhapatnam. Announcing this at a media conference held here on Saturday, FAPCCI president Kankatala Mallikharjuna Rao mentioned that the awards were instituted to foster a culture of excellence, entrepreneurship and sustainability in the State. 'We received over 90 nominations across 11 categories, including agro and aqua industries, MSMEs, CSR initiatives, start-ups, innovation, green energy, rural entrepreneurship, and women-led enterprises,' he informed. Minister for Industry and Commerce TG Bharath and Visakhapatnam MP M Sribharat will present the awards to the winners attending the event as chief guests. The awardees were selected by an independent jury chaired by former Supreme Court judge Jasti Chelameswar. The panel included Aditya Nath Das, Chief Advisor to AP government; Srini Raju, chairman of Sri City; M Chandrasekhar, director of IIM-Visakhapatnam; and Janaki Ramachandran from Krea University. Highlighting the credibility of the selection process, Mallikharjuna Rao said the jury followed a rigorous and transparent mechanism with a strong emphasis on impact and innovation. 'This is merely not about honouring achievements but about placing Andhra Pradesh firmly on the national and global industrial map through the power of recognition and encouragement,' he stated, expressing optimism that the initiative would serve as a catalyst for industrial growth, attract investment and inspire a new generation of entrepreneurs to strive for global competitiveness. CV Atchut Rao, founder president of FAPCCI, vice-president A Satyanarayana, and managing committee members Ch Kishore Kumar and Hema Garigipati, were present. The award presentation ceremony on June 10 will be held at Hotel Grand Bay.
