Industrial and service sectors play key role in wealth creation

Industrial and service sectors play key role in wealth creation

0Chief Minister N Chandrababu Naidu said Industries and service sectors play key role in creation of wealth and development of economy. He stressed the need for rapid growth in industry and sectors in the state. Stating that 55 per cent employment rate is in agricultural sector and the same should be achieved in industrial and service sectors to increase per capita income.

Releasing a white paper on Industry, employment and skill development here today, the Chief Minister said agro industries should be increased for good growth rate.

The Chief Minister said that the central govt failed to accord special category status to AP depriving scope for industry development. It failed to release grant for Visakhapatnam-Chennai industrial corridor.The central govt failed to fulfil the bifurcation promises of green field petro chemical complex and steel plant in Kadapa.

To encourage industrialisation the state govt enacted public service delivery guarantee Act -2017 and single desk portal to provide 69 services from 19 departments. The state govt released Rs 3675 cr including Rs 1816 cr for MSME sector towards incentives for industrial growth since June 2014. As many as 30349 MSME units were set up from 2014 fetching a revenue of Rs 14,292 cr and 3.3 lakh employment. A decision was taken to set up MSME parks in all the 175 constituencies and 31 MSME parks were set up in 1317.97 acres at a cost of Rs 270.43 cr. A separate corporation was set up for MSME sector and extended a loan of Rs 82,097 cr during 2014-18.

The Chief Minister said partnership summits were conducted in Visakhapatnam thrice to attract investments. As a result several industries came forward to set up their units in AP including in food processing sector Sumeru, Capricorn, Lavajju, Avanti seeds, Podaran and Avergen, Patanjali, Jain Irriation, Parley, Jersey, Indus coffee, Future group, continental coffee, international flavours and progrances, Godrej, SH group, Tata food, ITC, Con agro and Manpasad came forward to set up their units in the state. In textiles sector Boroi, Text port, Mohan spintek, Indian design, Shahi exports, Govindaraja textiles, SAR denim, hage industries, Aavind group, Nisha designs. Guntur textile park, Tarakeswara textiles park came forward to set up their units.

In Automobile sector Isuzu, Kia motors, Appollo tyres, Ashok Ley land and Bharat Forge and Hero group set up units. In IT sector, Foxcon, Plextronix, Dixon, Relieane, TCL and Voltas came forward to set up units. In pharmaceutical sector Spyra health care, Dr Reddy labs, Lupin, larus labs, Arabindo phama Divis labs, Natko pharmaceuticals came forward. In tourism sector Novotel hotel in Vijayawada, Holiday in and Taj in Tirupati, My fortune in Guntur, Jw Mariot, Sun Ray resort in Visakhapatnam were set up.

The Chief Minister said the state govt has been developing three industrial nodes including at Krishnapatnam, Orwakal and Hindupuram in Rayalaseema region. He said industriall corridors will be developed at Visakhapatnam, Srikalahasti, Machilipatnam and Donakonda. He said mega food parks will be developed in Vizianagaram, kadapa, Chittoor. He said 650 acres allotted for mega seed park in Kurnool dist and Rs 6553 acres for Mega industrial park in Kadapa and finteck valley in Viskhapatnam.

The Chief Minister said that the state govt has been providing uninterrupted power supply to industries. The industrial power usage reached 3321 units during 2017-18. Praising the tourism sector for good growth, the Chief Minister said the trial run of Kurnool airport carried out successfully with the landing of first flight today. He said flight services will be introduced from Dagadarthi and Kuppam soon. He said pharma sector would be developed in Orwakal and texiles in Nagari. He said foundation would be laid for Ramayapatnam airport and paper mill on January 9.

The Chief Minister said AP should be ahead in industrial and service sector.