State focusing on trade, exports increase, says CM Jagan

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Vijayawada: AP’s exports have actually grown by 19.43 percent in two years. Chief Minister Y.S. Jagan Mohan Reddy stated this on Tuesday while launching a two-day ‘Vanijya Utsav-2021’ organised under Azadi ka Amrit Mahotsav. The occasion laid special focus on increasing the trade and exports from Andhra Pradesh.

The Chief Minister stated the government would provide full assistance to industrialists and use this occasion to bring the federal government better to trade and exports. The YSRC federal government focused attention on trade development and infrastructure creation in spite of it facing overwhelming obstacles in the previous 2 years, the CM stated.

The CM stated the state had actually attained a development of 19.43 percent in exports.

The state signed up consistent improvement in export performance, increasing from its position at the 9th location in 2018-19 to the 7th in 2019-20, and to the 4th position in 2020-21. The state increased its share in exports from $14.1 billion to $16.8 billion. The government is aiming to double the state’s contribution to exports from India by 2030. It was currently at 5.8 per cent, he stated.

Remembering the decrease in GSDP throughout the nation from 6.3 per cent in 2018-19 to -7.3 percent in 20-21, the CM said the state suffered a GSDP contraction of only 2.58 per cent in 20-21. In the last two years, 16,311 MSMEs have been developed in the state by investing Rs 5204 crore and producing work to over 1.37 lakh individuals, he said.

Likewise, 68 large mega industries were provided the green signal to begin operations at an investment of Rs 30,175 crore by utilizing around 46,119 persons. Likewise, 62 big and mega markets are also being set up at an investment of Rs 36,384 crore and creating work to 76,916 people. In the last one year alone, 10 mega jobs have actually been authorized. This would indicate a financial investment of Rs 26391 crore with an employment capacity of 55,024 people.

The CM asserted that Andhra Pradesh is the only state to come up with 3 industrial passages– the Visakhapatnam-Chennai, the Chennai-Bengaluru and the Hyderabad-Bengaluru– for accelerated commercial development across the state.

He said the government is also developing the YSR Jagananna Mega Industrial Center, Kopparthy, on 3,155 acres of land to bring in financial investments of Rs 25,000 crore and develop employment to one lakh youths. In the same Kopparthy, a YSR electronic devices manufacturing cluster (EMC) is being set up over 801 acres with an investment of Rs 730.50 crore to bring in a financial investment of Rs 10,000 crore and generating 25,000 job opportunity.

Likewise, to increase exports, the federal government is setting up 25 secondary food processing units, which provides direct work to 30,000 individuals and indirect employment to 50,000 individuals.

The Chief Minister said the government is also generating a steel plant at an initiation expense of Rs 13,500 crore with a yearly production of 3 million tonnes and establishing a gas distribution network by partnering with GAIL to make gas available at more affordable rates.

On improvement of skills, the CM stated the federal government is attempting to minimize the ability space. It is establishing 25 first-rate ability colleges, one in each parliamentary constituency and two skill universities in Tirupati and Visakhapatnam, to polish the skills of the trainees so that they would get great tasks.

AP having as high as 974km of coastline, he stated the government is developing three ports– at Bhavanapadu, Machilipatnam and Ramayapatnam– and eight new fishing harbors at a cost of Rs 3,828 crore to benefit the anglers families.

Ministers Mekapati Gautam, Peddireddy Ramachandra, Perni Venkatramaiah, Kurasala Kannababu, Dharmana Krishnadas, Vellampalli Srinivas, chief secretary Adityanath Das, markets director Subrahmanyam Jawwadi and other authorities were present.



Published at Tue, 21 Sep 2021 15:54:24 -0500