Coca-Cola is looking to set up Asia’s largest greenfield bottling units at Nellore, Andhra Pradesh. It will be one of the five schedule plants in the Kisan Special Economic Zone of the Indian Farmers Fertiliser Cooperative Limited (IFFCO).
An investment of Rs. 600 crore has been planned by
The state government has set a target of creating 15,000 new jobs in the food processing sector for the current year and
The sunrise state of Andhra Pradesh (AP) was the fastest growing state in India with 10.99 per cent Gross State Domestic Product (GSDP) growth in 2015-16, according to The Times of India. While decoding the budget presented by the Finance Minister of the state, Mr. Yanamala Ramakrishnudu, PRS Legislative Research suggested that the GSDP is estimated to be 13.2 per cent higher in 2016-17 as compared to last year.
The government is targeting industrial and job growth through investments worth Rs 11,500 crore during 2016-17. What will also contribute to development of the state is that in the food processing sector, it is targeting an investment of Rs 1,552 Crore and creation of 15,000 new jobs in 2016-17.
Among many other initiatives by the Government of India, the most popular one has been Make in India. Considering the state is seen as the gateway for the growing markets and promising opportunities, it also held its Partnership Summit in Vishakapatnam in January 2017, opening up its doors to investments in various sectors.
Andhra Pradesh Chief Minister Mr. N. Chandrababu Naidu, said, “We are committed to fostering an ethos of sustainable and responsible partnerships, and ensuring your success in the state.”
Andhra Pradesh is ambitious and it aims to be amongst the top 3 states in India by 2022, and we sure hope it becomes one too!