AP Seeks More Share In Economic Growth: Mekapati Goutham Reddy

11 Nov, 2019 18:38 IST|Sakshi
Mekapati Goutham Reddy

MUMBAI: Andhra Pradesh Minister for Industries, Commerce and Information Technology, Mekapati Goutham Reddy said that the State plans to play a vital role in the Centre’s goal of creating a five trillion economy by 2025.

Speaking at the inaugural session of the two-day summit on Global Chemicals and Petrochemicals and Petrochemicals Manufacturing Hubs in India, here on Monday, the minister said Andhra Pradesh is willing to play a more participatory role in the development of national economy.

Andhra Pradesh, under the leadership of Chief Minister YS Jagan Mohan Reddy, has more focus on the four-pillars for the implementation of industrial policy; transparency in governance, industrial policy, creating world-class infrastructure and an international workforce of the future.

‘The state has the second-largest coastal line in the country after Gujarat and has abundant petroleum and gas resources,’ the minister said.

With its natural deposits and other rich resources, the state has a potential for growth, he said and invited the states to come in with investments. The coastal and petrochemical corridors play a key role in the global economy and would contribute to the growth rate of the nation as well.

‘We have a very customized policy for MSMEs which want to invest in the Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR),’ he added ‘the RINL has one of the major operations in the K-G basin of Andhra Pradesh.’

In the past 15 years, all the private and public companies have been hugely benefited from the reserves in Andhra Pradesh, he said and assured companies coming to Andhra Pradesh will get all the required assistance and cooperation.

He invited Union Minister Sadananda Gowda to visit the PCPIR region and ensure the investments in the state. On behalf of Andhra Pradesh's government, he assured all the investors of required assistance from time to time. He further requested the central government to advocate to show the benefits of Andhra Pradesh to the MNC companies.

Dr Rajat Bhargava, Principal Secretary, Industries, Infrastructure, Investment and Commerce, gave a power point presentation on Petroleum, Chemicals and Petrochemicals Investment Region(PCPIR) of Andhra Pradesh in which he explained about the infrastructure and facilities available in Visakhapatnam and Kakinada zones and opportunities in the region. He asked the Central Government to provide fund to support to develop more infrastructure in PCPIR as it will help in contributing to the 5 trillion economy. He also asked the Central Government to support ZMSME clusters and research hubs

Besides Rajat Bhargava, State Principal Secretary for Industries, Union Minister for Chemicals and Fertilizers DV Sadananda Gowda, Odisha State Minister of Home, Power, Industries, Micro, Small and Medium Enterprises, Captain Dibya Shankar Mishra, Chief Secretary of Union Chemicals and Fertilizers Raghavendra Rao, Deepak Nitrate P Mehta company chairman Deepak P Mehta, Prabh Das from FICCI Plastic and Petrochemicals Industry Committee, and senior officials of Central Chemicals and Fertilizers Department participated in the summit.

Also See: Pictures| APJ Abdul Kalam Vidya Puraskar Awards Presentation Ceremony In Vijayawada

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