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CM lays foundation for Arcelor Mittal
Nippon Steel plant at Nakkapalli in Anakapalli district*
AP - best destination for industrial investments with industry-friendly policies: CM
*Anakapalli:*Chief Minister N Chandrababu Naidu stated that the state is the best destination for industrial investments in India. The Chief Minister laid foundation for ArcelorMittal Nippon Steel (AM-NS) India plant at Nakkapalli in Anakapalli district today along with Union Minister of Heavy Industries and Steel HD Kumara Swamy. He said that the project marks not just the beginning of a steel plant but the foundation of a future Steel City in the region.
Speaking on the occasion, the Chief Minister said the mega project will significantly accelerate development in North Andhra and contribute to meet the country’s growing steel demand.
The AM-NS India steel plant involves an investment of Rs 1.35 lakh crore and is expected to generate over one lakh jobs, both directly and indirectly. The plant will be developed in two phases with a production capacity of 17.8 million tonnes of steel.The project includes the development of a captive port worth Rs 11,198 crore, a four-lane road connecting to national highways and a pipeline for raw material supply. The first phase of production is targeted by 2028, with major blast furnace installations expected by 2030.
The Chief Minister stated that such a globally reputed company choosing Andhra Pradesh reflects the state’s investor-friendly policies and efficient governance.
The Chief Minister thanked Prime Minister Narendra Modi for his support, stating that the project aligns with national initiatives like Make in India and Atmanirbhar Bharat. He termed it a success of the “double-engine government.”
The Chief Minister highlighted that Andhra Pradesh is witnessing rapid industrial growth across sectors such as
Data centers, Food processing, Manufacturing and Tourism.
He revealed that major companies like Tata Consultancy Services, Cognizant, and Reliance Industries are investing in the state. He also mentioned the upcoming Google data center in Visakhapatnam and significant foreign direct investment inflows.He stated that
the state government signed agreement with AM-NS India to provide skill development training to local youth
The Chief Minister urged the company to prioritize employment for local youth from Anakapalli district. he said the project will transform the North Andhra region by boosting employment opportunities,
Education and healthcare access and economic activity. He assured government support for the timely completion of the project and reiterated commitment to industrial growth.
Deputy Chief Minister Pawan Kalyan, Minister Nara Lokesh and representatives from ArcelorMittal and Nippon Steel participated.
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