Coca-Cola to create job opportunities in the state of Andhra Pradesh.
The sunrise state of Andhra Pradesh (AP) was the fastest growing state in India with 10.99% Gross State Domestic Product (GSDP) growth in 2015-16. While decoding the budgetpresented by the Finance Minister of AP, Mr. Yanamala Ramakrishnudu, PRS LegislativeResearch, suggested that the GSDP is estimated to be 13.2% higher in 2016-17 as comparedto last year.
As per the budget policy highlights for the state, the government is targeting industrial and jobgrowth through investments worth Rs 11,500 Crore in 2016-17. What will also contribute todevelopment of the state is that in the food processing sector, it is targeting an investment of Rs1,552 Crore and creation of 15,000 new jobs in 2016-17.
With the new budget and policies in place, national and international organisations expressedtheir interest to set-up their units, including Hindustan
This project will also provide direct employment to at least 250-300 people, and indirectemployment to many more, which will contribute to the state achieving its target of creating jobopportunities for over 15,000 people in this year.
Andhra Pradesh is ambitious and it aims to be amongst the top 3 states in India by 2022, andwe sure hope it becomes one too!