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NRIPage | Articles | Chandrababu Naidu Inaugurates New Companies in Sricity: A Boost to Employment and Investment | Get Indian Desi Latest Political News & Updates in USA. Get domestic, republic government updates - NRI Page
Andhra Pradesh Chief Minister Chandrababu Naidu is set to make a significant impact on the state's economic landscape with his upcoming visit to Sricity. During this visit, Naidu will inaugurate 15 new companies, which will bring a substantial investment of 900 crore rupees into the region. This initiative is expected to generate approximately 2,740 new jobs, offering a boost to local employment and signaling a strong commitment to economic development.
The inauguration event will see Naidu laying the foundation stones for 7 new companies and officially starting operations for 15 others. This move is part of a broader strategy to attract both domestic and international investors, with agreements in place for additional investments totaling 1,213 crore rupees from four leading companies. The presence of international companies from South Korea, Israel, Japan, Germany, China, Belgium, UAE, and Singapore highlights the global interest in Andhra Pradesh’s growth potential.
Following the business activities, Naidu will visit the Somasila irrigation project in Nellore district, underscoring his focus on both industrial and infrastructural development. His day will end with a return to his residence in Undavalli, marking a day of significant progress for the state's economic ambitions.
