Assures help for industries for setting up projects

Andhra Pradesh Chief Minister, N. Kiran Kumar Reddy called upon industries to provide employment to local people and assured them of necessary help from the Government in setting up projects.

“I am keen that all the projects get implemented ahead of schedule. This is crucial for the development of the State and it will ensure employment of skilled people. The locals displaced by new industries and those who part with their lands need to get absorbed in the new units,” he said.

Speaking at the Tata Lockheed Martin Aerostructures facility here on Friday, he said the State had taken up a massive skill upgradation programme engaging various industries. Based on the request of particular skill required, youth will be trained and absorbed in various companies.

“We are also in regular touch with S.Ramadorai, Chairman of Tata Lockheed Martin, and man entrusted with the task of ensuring upgradation of skills in the country. It is proposed to provide skills for more than 3,50,000 youth during the year,” he said.

Referring to the investment climate in the State, he said the State is currently facing tough power supply situation. But it is better than others. In fact, we would have been a State with excess power. But the poor reservoir levels and inadequate gas supply caused difficulties in generating power from the existing installed capacity.

He hoped that with good rains things would get better.

He told the gathering that World Bank, CII, Assocham and Harvard Business School have all rated Andhra Pradesh high in terms of environment for investment.

Industries Minister J. Geetha Reddy said that the State cleared proposals worth Rs 1,33,000 with employment potential of 1,48,000 people in three meetings of the State Investment Promotion Board.

(This article was published on August 3, 2012)
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