10-06-2025
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).
