Kia's Second Plant To Further Boost Sri Sathya Sai District's Growth: Savitha
The minister said the proposed Investment Protection Act would protect industrialists against harassment: Reports
ANANTAPUR: Establishment of the proposed second Kia Motors plant at Penukonda in Sathya Sai district is expected to further boost the industrial and economic growth in the district, BC Welfare minister and Penukonda MLA S. Savitha has underlined.
Welcoming the move, she expressed happiness that both the Kia plants are in Sathya Sai district. They would together create more than 25,000 direct and indirect jobs, benefiting the local youth and strengthening the regional economy.
Savitha attributed the growing investor confidence in Andhra Pradesh to the leadership of Chief Minister N. Chandrababu Naidu, saying the “CBN brand” had emerged as a major factor in attracting investments to the state.
The minister said the proposed Investment Protection Act would protect industrialists against harassment, which she alleged had been prevalent during the previous YSRC regime. She underlined that Chandrababu Naidu is ensuring a business-friendly environment and encouraging entrepreneurs to invest in Andhra Pradesh.
Claiming that nearly 25 per cent of the investments coming into India are reaching Andhra Pradesh, she expressed confidence that the state would soon emerge as the country's leading destination for industrial development and growth.
Taking a dig at former Chief Minister Y.S. Jagan Mohan Reddy, Savitha said Naidu had become a brand ambassador for development, while Jagan represented destruction.
She maintained that the state government's focus is on attracting industries, creating jobs for local youth, and ensuring balanced regional development.