Reiterating the state government’s commitment to encouraging setting up of agro-based industries, chief minister N Kiran Kumar Reddy called upon industrial giants to set up units benefiting the farming community.
Laying the foundation stone for the KPR chemical factory here on Monday, the chief minister said the unit to be set up at an estimated cost of Rs 1,060 crore, would provide direct employment to 4,500 people.
Stressing on the industrial safety, the chief minister said the factory management must implement all safety measures as per norms and simultaneously ensure that the people residing nearby areas do not become victims of toxic industrial waste.
Briefing on the mega industrial policy of the state government, he said land acquisition for various industries is under way through the Andhra Pradesh Industrial Infrastructure Corporation (APIIC).
To boost the industrial growth, the state government has announced many sops, including 50 per cent reimbursement on sales tax, discount on power tariff.
“The government will provide infrastructure support worth Rs 1 crore to the factories having investment of less than `250 crore.”