Chief minister N Kiran Kumar Reddy emphasised the need for giving preference to locals in employment by the industries and said that care should be taken to ensure better coordination between the managements and the workers.
Addressing a gathering after laying the foundation stone for Samuha Aerospace Park, in the Aerospace SEZ at Adibatla in Ranga Reddy district on Monday, he said the state government is laying great emphasis on industrialisation and facilitating different companies to invest in the state. Samuha Aerospace Park is being set up with an investment of Rs 1,500 crore and is expected to be grounded in two years time providing direct employment to 2,000 people and indirect employment to another 8,000.
‘’In the last three years since I became chief minister, 73 industries were invited for setting up in the state with an investment of Rs 1.35 lakh crore to provide employment to 1.53 lakh people, which are under different stages of progress,’’ he said. Elaborating further, the chief minister said the beverages major PepsiCo will set up its unit with an investment of Rs 1,500 crore in Chittoor district and confectionery giant Cadbury will also be setting up its unit in Chittoor district with an investment of Rs 2,500 crore.
World leading companies Johnson & Johnson, as well as Procter & Gamble will set up their respective units in Mahbubnagar district with Rs 500 crore investment each, while MRF Tyres will set up its unit in Medak district with an investment of Rs 900 crore. In fact, Zaheerabad of Medak is where Mahindra & Mahindra had set up the Asia’s largest tractor manufacturing unit and the state’s first cars manufacturing unit was set up by Mitsubishi Isuzu in Chittoor district, he explained.
Kiran Reddy said it was a matter of pride that components used in the space vehicle on missions like Mangalayan and several other defence equipment are manufactured in the firms at Hyderabad. He also responded positively for naming the area as Space City.
Speaking on the occasion, major industries Minister J Geeta Reddy explained how the state has become the chosen destination for the investors and how it is progressing ahead on the path of industrial development. ‘’We are proud of the fact that first and only special economic zone (SEZ) of aerospace is located in Hyderabad,’’ she said and added that Hyderabad is emerging as most sought-after destination for saviation sector and by 2020, the development will be manifold.
DRDO director general Avinash Chander, Aeronautical Society of India chairman VK Saraswat, and Samuha Engineering Industries Limited chairman P Ravindra Reddy also spoke.
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