It is reported that Chief Minister Chandrababu Babu is likely to make an official announcement on Saturday regarding the investment of Rs 70 thousand crores in the first phase of the Integrated Steel Plant (ISP) to be set up near Anakapalli in Visakhapatnam by steel giant ArcelorMittal and Japan’s Nippon Steels (MA/NS).
–Galla S Kiran Kumar, Bureau ChiefCM Chandrababu’s meeting today with the representatives of the planning organization for the foundation stone laying in January
is likely to be announced jointly after that
Amaravati: Chief Minister Chandrababu on Saturday will officially announce the investment of Rs. Information that there is a possibility. To this extent, the CM is likely to have a meeting with the representatives of the companies. It is learned that the CM felt that the huge investments which are crucial for the development of North Andhra would be given priority by announcing them from the same region instead of from Amaravati. As part of his two-day visit to Uttarandhra, CM Chandrababu participated in various welfare programs in Srikakulam district on Friday. After staying there for the night, it was learned that there is a possibility to reach Visakhapatnam on Saturday and review the development works.
Groundbreaking in January
It is known that the foundation stone for the construction of the steel industry will be laid in January next year. The government has already taken a decision on the allotment of land required for the industry. Along with a part of the 2 thousand acres allocated for APIIC for the establishment of a bulk drug park near Anakapalli, the government intends to allocate the land proposed for the establishment of the Nakkapalli park as part of the Visakha-Chennai industrial corridor for the steel industry. It is known that about 5 thousand acres will be allocated according to the needs of the industry. About 20 thousand people will get employment if the first phase of ISP is completed. The officials of the industries department claim that the related industries will generate huge employment.
Arcelor’s arrival in the state was a long exercise
Arcelor has almost decided to invest in the neighboring state. It has also completed the consultation process with the government there. At this stage, the government has started consultation with the representatives of the organization. A team consisting of officials from the Department of Industries and APIIC played a key role in ensuring that the company’s representatives met the CM directly. The government discussed the incentives with the company representatives at length. Within a month, the CM had a direct meeting with the representatives of the organization. Officials interacted with the company every two days. It is known that Arcelor has agreed to invest in the state considering the incentives given by the government.
As the Kia came
The alliance government has made a long effort to bring the Arcelor steel industry to the state in the same way as the then TDP government worked hard between 2014-19 to bring the Ki Ya car manufacturing industry to the state. At that time Kia also almost decided to set up its unit in Maharashtra. At that stage, CM Chandrababu directly consulted with the management of the company and was instrumental in bringing the industry to the state. Chandrababu has worked in the same way even now.
