Andhra Pradesh's Bold Move: New Industrial Policies to Boost Job Creation

Andhra Pradesh's Chief Minister N Chandrababu Naidu announced a focus on job creation through new industrial policies. The government aims to attract big investments by aligning policies with job creation goals. Additional incentives will be offered to investors and innovative projects in the state.

Chief Minister N Chandrababu Naidu of Andhra Pradesh emphasized that job creation is the foremost priority of the state's NDA government, urging industrial policies to align accordingly. During a review of various industrial development strategies, Naidu underlined the necessity of innovative policies to attract investors and boost the pace of business operations.

The Chief Minister pointed out that a private industrial park policy requires further scrutiny before being presented to the Cabinet, while three other policies are set to move forward. He expressed confidence in the policies' potential to draw significant investments and revealed that additional incentives are being prepared for swift investors.

Naidu announced that companies contributing to substantial job creation will be rewarded with 10 percent more incentives. Additionally, the plan for a Ratan Tata Innovation hub in Amaravati, with five satellite centers mentored by MNCs, is underway, aiming to propel innovation in the region.

(With inputs from agencies.)