Andhra Pradesh goes into economic overdrive
Andhra Pradesh went into an economic overdrive last fortnight. A series of developments unfolded in the State, which will markedly improve the State’s economy in the coming months, thanks to the efforts of the Chief Minister Mr N Chandrababu Naidu to garner fresh investments.
Japanese car maker Isuzu rolls out its first ‘made in AP’ product, the D-Max V cross vehicle from its Rs 3,000 crore plant in Sri City—this is India’s first adventure utility vehicle. Mondelez, owners of the famed Cadbury brand of chocolates, inaugurated its Rs 1000 crore first phase manufacturing unit in the same place.
Mr Ananth Kumar, Union Minister for Chemicals and Fertilizers, announced that decks have been cleared for the State to get one of the proposed three bulk drug manufacturing parks. Central Institute of Plastics and Engineering and Technology is set to open a new branch in Anantapur and a agricultural plastics park in Krishna district.
Isuzu’s first vehicle from the plant was rolled out by the Chief Minister, along with Mr. Masanori Katayama, President, Isuzu Motors Limited, Japan, Mr. Kenji Hiramatsu, Ambassador of Japan to India and Mr. Seiji Baba, Consul General for Japan in Chennai.
Addressing the gathering Mr. Naidu said,”I am very happy as Isuzu is the very first car making facility in Andhra Pradesh. Isuzu and several other MNCs have preferred Sri City because of the world class infrastructure and excellent support extended by Sri City management. With more than 80 operational units and about forty getting ready, Sri City stands as one of ‘the best’ model cities in the country.”
Reacting to Isuzu’s request the Chief Minister announced that road tax between AP and Telangana will be exempted. To meet the housing demands of the industrial worker, Mr. Naidu said state government will build a mega township in the close vicinity of Sri City.