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26nd Safarul Muzaffer 1436 | Saturday, Dec 20, 2014
Hyderabad

A.P is Congenial to private Industries-C.M.

Saturday, 4 August 2012
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Hyderabad, August 04:

(Siasat News)Mr. N. Kiran Kumar Reddy, C.M. of A.P. told that many investors have offered to invest Rs. 30 thousand crore in private sector and 25 thousand crore in public sector industries.
The main reason for it that this state has congenial atmosphere for setting up industries.

C.M. inaugurated the 130 wings of aero plans to be used in American warplanes.
This is a joint venture of Tata Advanced System Academy and Martin.

He told that the state would provide international standard facilities. Though the state is facing energy crisis but it is very less here. Govt. is trying to overcome it.
He pointed out that so far, 15 industrial units have started work. Various industrialists have come forward with a capital investment of Rs. 30 lakh crore. Nearly, one-lakh youths would get jobs. He informed that Govt. has provided 2 lakh jobs in private sector under Rajiv Yuva Kiranalu Scheme.

50 thousand persons will be offered professional training. C.M. emphasized the corporate sector to give preference to local candidates in jobs.

Dr. J. Geetha Reddy, while addressing the inaugural function hoped that Tata Aerospace would emerge as a major aviation hub of Hyderabad. In the next five years, India will get 5th position in the field of Aviation.

Mr. S. Vermadora, Chairman of Martin Corporation presented an aeroplane wing of C-130 warplane to George Sheetal, Vice President of Tata Aerospace Corporation. Home Minister Ms. Sabitha Indira Reddy, Mr. Prasad Kumar, Textiles Minister and Ms. Catherine, consul General of America attended the function.

----Siasat News

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