Andhra Pradesh contributed 8% of India’s production value, says minister

Published: 18th March 2021 09:40 AM  |   Last Updated: 18th March 2021 09:40 AM   |  A+A-

Mekapati Goutham Reddy

Mekapati Goutham Reddy

By Express News Service

VIJAYAWADA: Industries and Commerce Minister Mekapati Goutham Reddy has welcomed doyens in the petrochemical industry, and investors to explore Andhra Pradesh for the natural competitive advantages it offers. Participating in the India Chem-2021 conference in Delhi on Wednesday, the minister said AP is one of the champion states poised to propel the Indian economy forward under the ‘Atma Nirbhar Bharat’ initiative. “Home to numerous oil and gas discoveries, the state is looking to build self-sufficiency in petrochemical products and drive economies of scale for downstream chemical industries,” he said.

Stating that AP is the only state where three national industrial corridors run across districts, he said these corridors dovetail the largest petroleum, chemicals and petrochemicals investment region (PCPIR) region, which spreads across 640 between Visakhapatnam and Kakinada, in the country.“In these uncertain times,  we must explore synergies between the National Industrial Corridor Development programme with the PCPIR development.” 

Stating that AP has attracted marquee investments in recent times within chemical and specialty chemical industries that do not have dependencies on basic feedstock availability, he said about 70 mega industries and more than 5000 MSMEs had invested ($2.4 billion) in the state, contributing to 8% of India’s production value, as on 2019-20 fiscal.

“Though there are many glass makers, specialised glassessuch as those used in CT scans, medical tubes are extremely difficult to make,” he said and felt that if the Union government could establish partnerships with noted players such as Saint Gobain, then strategic support could be provided to institutions like the AP MedTech Zone in Visakhapatnam.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp