CM will inaugurate 15 new companies today

Since assuming leadership of the state, the NDA government led by Chief Minister Chandrababu Naidu has generated high expectations across all sectors for the creation of wealth and employment opportunities over the next five years. Known for his proactive approach to attracting investments, Naidu’s tenure is eagerly anticipated by jobseekers statewide for the potential opening of new avenues.

Taking a step in the right direction, Chandrababu Naidu is scheduled to unveil 15 new companies in the Sricity of Tirupati. Reports indicate that Naidu will travel to Sricity to lay foundation stones for 7 companies and also initiate operations for 15 new companies on the same day. His itinerary includes arriving at Renigunta airport in Tirupati from Vijayawada at 11:30 in the morning, followed by his participation in these activities in Sricity.

CM will inaugurate 15 new companies today, including:

• Nidek & Oji
• Bell Flavors & Fragrances
• LG
• Neolync
• Admire Cables, Trinath Industries, Autodata Tech, Bombay Special Steel, JGI Convertors, E Pack, EssKay, EverSign Moulders & ZenLinen.

Foundation stones laid for 9 new companies, including 🇨🇳NGC, 🇯🇵AG&P, 🇧🇪Vermeiren, 🇮🇳RSB, 🇮🇳Blue Star, 🇮🇳Siddhartha Logistics, 🇮🇳TIL Healthcare, 🇸🇬Arcwest Miratech & signed MoU with 4 companies – Daikin, ArmWest, Capman India, PI Prestige International

Allegedly, 2740 individuals are expected to gain employment opportunities as a result of the establishment of these companies with an investment worth 900 crore rupees. The state government is set to make agreements with four major companies for an additional investment of 1,213 crore rupees.

Following this, the Chief Minister will host a meeting with the CEOs of various companies at the Sricity Business Center. The companies include South Korea’s LGC, Neolink from Israel, Naidic from Japan, OJI India Package, Bell Industry and Admira from Germany, as well as Autodata and Bomb-Kotted Special Steels.

Naidu will lay the foundation stone for industries like China’s NGC, Vermeerion from Belgium, and Japan’s AG and PE during this visit. Furthermore, agreements will be reached for the establishment of two industries each from Japan, the UAE, and Singapore. After these events, Naidu will visit the Somasila irrigation project in the Nellore district before returning to the Undavalli residence in the evening.