ys jagan mohan reddy

Is Andhra Pradesh Rebranding & Rebuilding Itself As The New Industrial Hub Of India ?

March 18, 2023 admin

Year 1956 – Andhra Pradesh was recognised as a state through the States Reorganisation Act of 1956. Year 2014 – Telangana was bifurcated from Andhra Pradesh, with the IT city of Hyderabad going away to the new state. Andhra now had to rebuild itself. Year 2023 – Union Minister Nitin Gadkari promises Rs 20,000 crore for increasing road connectivity of Andhra Pradesh and connecting all the ports with National highways. This gave the state the much needed boost to rebuild itself. It has been one of the most prosperous states…

Andhra Pradesh Annual Budget Of Rs 2.79 Lakh Crore Focuses On Welfare, Development

March 17, 2023 admin

Riding fresh on the success of the Andhra Pradesh Global Investors Summit, the Finance Minister of the state Buggana Rajendranath tabled the annual budget of Rs 2,79,279 Crores in the state assembly. This year’s budget has a record low fiscal deficit pegged at 1.54 per cent. Presenting the budget, the finance minister Rajendranath said that the revenue expenditure was at Rs 2,28,540 crore, capital expenditure at Rs 31,061 crore, revenue deficit at Rs 22,316 crore, financial deficit at Rs 54,587 crore, revenue deficit in GSDP at 3.77 per cent and…

AP CM Jagan Mohan Reddy Constitutes Special Panel To Fast Track Investments

March 7, 2023 admin

Ahead of the success of the Andhra Pradesh Global Investors Summit, the Chief Minister YS Jagan Mohan Reddy has constituted a special committee, comprising the chief secretary, special chief secretary (industries). This committee will monitor the progress of the implementation of MoUs. This was stated by the IT and Industries Minister Gudivada Amarnath on Monday. He added, “The committee will meet once a week, while the chief minister will hold a review meeting once a month.” The two day summit saw the AP government attracting investment proposals worth over Rs…

Tourism Gets Maximum Investment On Day 2 Of APGIS, CM Thanks Investors For Their Trust

March 4, 2023 admin

The second day of the Andhra Pradesh investors summit too proved to be a success with as many as 260 MoUs worth over Rs 1.17 lakh crore being signed with the Jagan Mohan Reddy government. Day 2 saw tourism being the highest gaining sector, with as many as 117 MoUs with an investment of 22.096 crores being inked. These would generate 30,000 new jobs in the tourism sector. The chief minister YS Jagan Mohan Reddy thanked the investors for showing their trust in the state and also assured them of…

AP All Set To Be The Renewable Energy Hub of India

March 4, 2023 admin

Andhra Pradesh is all set to become the Renewable Energy Hub of India. If numbers are to be believed, the state has received the maximum investment proposal for the renewable energy sector. As the industries minister of AP Gudivada Amarnath told Businessworld, “The state is blessed by nature. And it will become the hub of renewable energy in India, no doubt.” The energy department in the state was the biggest beneficiary in terms of investment. According to the official reports, the department attracted 35 investment proposals with an investment of…

Andhra’s New industrial Policy Should Focus On Supporting Start-Ups, MSMEs, Instructs CM

February 21, 2023 admin

The Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Monday directed state government officials to formulate a new industrial policy that ensures support for entrepreneurs from beginning to end. The policy should include services for product development, implementation and marketing. Reddy chaired a meeting for the formulation of the state’s new industrial policy, ahead of the AP Global Investors Summit in March. The CM ordered officials to give importance to the marketing of products and necessary tie-ups at the international level. He further added that the state aims at…

Andhra CM announces ten-time hike in cash award for gallantry awardees from state

February 19, 2021 admin

Tirupati (Andhra Pradesh) [India], February 19 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has announced a ten-time hike in cash award for the Armed Forces personnel from the state who will win gallantry medals.According to an official release, the cash award for winners of Param Vir Chakra and Ashoka Chakra are now getting Rs 10 lakhs and it will be increased to Rs 1 crore. For Maha Vir Chakra and Keerti Chakra, the number of State incentives will be increased from Rs 8 lakhs to Rs 80 lakhs.For…

Jagan Reddy writes to PM Modi requesting reconsideration of RINL’s disinvestment plans

February 7, 2021 admin

Amaravati (Andhra Pradesh) [India], February 7 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Saturday wrote to Prime Minister Narendra Modi requesting him to reconsider the disinvestment plans of RINL (Rashtriya Ispat Nigam Ltd) Visakhapatnam and explore other opportunities to put the plant back on track.In a letter, Reddy said the recent decision of the Cabinet Committee on Economic Affairs (CCEA) which has given in-principle approval for 100 per cent strategic disinvestment of the government of India’s shareholding in RINL, Visakhapatnam, along with management control by way of…

Andhra Pradesh to set up 3 concept cities for IT related industries

February 6, 2021 admin

Amaravati (Andhra Pradesh) [India], February 6 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday directed the officials to come up with an action plan to set up three concept cities near Visakhapatnam, Tirupati, and Bengaluru to house information technology and related industries in the state.As per an official release, the Chief Minister said that these cities should contribute to the IT progress and help in the development of the state by bringing in as many industries as possible and focus on creating a large number of jobs.“The…

AP govt advisor appeals to stakeholders in Panchayat elections to avoid friction

January 26, 2021 admin

Amaravati (Andhra Pradesh) [India], January 27 (ANI): Andhra Pradesh Government Advisor (Public Affairs) Sajjala Ramakrishna Reddy on Tuesday appealed to all stakeholders in the upcoming gram panchayat polls to strive for unanimous elections to avoid friction and expenditure and make use of the incentives announced by the state government.“Elders must sit together and sort out the issues as polls are being held on non-party basis,” he told media, adding that the recently amended legislation has a provision for disqualification and jail term for any irregularities.“On the positive side, incentives can…