Jobs, development, progress: JSW Steel to invest Rs 8,800 Cr in AP

Chief Minister YS Jagan Mohan Reddy said JSW Steel Limited will set up a plant in Sunnapurallapalle village in the Kadapa district. He said the company will invest in two phases. Jagan said that he would lay the foundation stone for the steel plant in the last week of January.

By Newsmeter Network  Published on  24 Dec 2022 3:33 AM GMT
Jobs, development, progress: JSW Steel to invest Rs 8,800 Cr in AP

YSR Kadapa: JSW Steel Limited will invest Rs 8,800 crore in Andhra Pradesh.

Chief Minister YS Jagan Mohan Reddy said JSW Steel Limited will set up a plant in Sunnapurallapalle village in the Kadapa district. He said the company will invest in two phases. Jagan said that he would lay the foundation stone for the steel plant in the last week of January.

Addressing a public gathering after laying stones for various development projects worth Rs 905 crore in Kamalapuram Constituency, he said the debt growth in the state is low now when compared to the previous regime.

"Why TDP failed to implement welfare schemes for the public, unlike the YSRCP? TDP and Centre retracted the bifurcation promise of a steel plant at Kadapa," he said,

Jagan said his government was implementing every welfare scheme through Direct Benefit Transfer (DBT) in a transparent manner.

In the last three and half years, the government has credited around Rs 1.79 lakh crore to people through DBT under various schemes, while Rs 1.41 lakh crore was credited to people under non-DBT. In Kamalapuram Constituency alone around Rs 1,017 crore was credited to people through DBT, he said.

Listing out the welfare to be taken in the district he said that the government was committed to employing youth.

"In this regard, steps are being taken to establish Kopparthi industrial development park on 6,914 acres. Once it is completed, an electronic manufacturing cluster will be established on 500 acres that will generate one lakh jobs, while Jagananna Mega Industrial hub to be developed in 3,155 acres generating another one lakh jobs after its completion," he said.

The Chief Minister said companies like Dixon and others have commenced their unit works at the Kopparthi Industrial Development Park. To improve it further, the stone was laid for its development for Rs 270 crore. A 33.4 km pipeline project worth Rs 150 crore was inaugurated to draw water to the Kopparthi Industrial Development Park from the Brahma Sagaram Project and a summer storage tank for Rs 38 crore.

The other projects include a multi-model logistic park for Rs 54 crore, stone laid for a cargo terminal, and the development of a new railway line from Krishnapatnam Port for Rs 68 crore and an executive center will be established in Kopparthi for Rs 34.50 crore. All these projects will come as a boon for future generations and provide employment for them, he said. Apart from that stone was also laid for the development of various roads for Rs 268 crore, Road Over Bridge (RoB) in Kamalapuram with Rs 39 crore, upgradation of Kamalapuram as a Nagar Panchayat.

Administrative sanctions were also given for a bypass road in Kamalapuram for Rs 88 crore. Of the total, Rs 16 crore alone was spent on land acquisition, he informed.

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