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New Indian Express
3 days ago
- Business
- New Indian Express
Taneja Aerospace set to invest in Andhra Pradesh
VIJAYAWADA: Andhra Pradesh is on track to become a major aviation hub under the leadership of Chief Minister N Chandrababu Naidu, said Minister for Roads & Buildings, Infrastructure and Investments BC Janardhan Reddy. The TDP-led coalition government is working with dedication to foster an investor-friendly environment, attracting significant interest from industrialists and investors eager to establish ventures in the State. In a significant development, representatives from Taneja Aerospace and Aviation Limited (TAAL) met Janardhan Reddy in Vijayawada on Thursday to express their keen interest in investing in the State's aviation sector. During the meeting, the company presented a detailed project proposal, outlining its investment goals, and the potential for job creation and economic growth in Andhra Pradesh. The R&B Minister expressed optimism about the transformative impact of TAAL's entry into the State. The company, with its extensive experience in the aviation industry, plans to establish a manufacturing unit for 12-seater private jets, and a software development facility for aviation technology. This move is expected to position Andhra Pradesh as a key player in aircraft manufacturing, and high-tech industries. 'This is a landmark step for the State's industrial growth,' said Janardhan Reddy, highlighting that TAAL's investment marks a significant milestone in Andhra Pradesh's journey to becoming a strategic destination for investments in India. He emphasised that the State currently offers a highly conducive environment for industrial ventures, which will significantly contribute to its economic development. The government is focused on creating employment and livelihood opportunities for the youth through investor-friendly policies and incentives. He assured the full support to industrialists and investors, stating that the government is ready to give swift approvals for setting up industries. Companies that generate significant employment opportunities will also receive substantial incentives, he explained. The establishment of TAAL unit is expected to drive advancements in high-tech manufacturing, while enhancing skill development and job prospects for the State's youth. The company's representatives highlighted that their investment will create new opportunities for local talent, and contribute to the State's economic development. Expressing confidence, the Minister stated that Andhra Pradesh is poised to emerge as a leader in the aviation and industrial sectors.
Hans India
21-06-2025
- Business
- Hans India
AP to halve logistics costs with Rs 20,000 cr infra push
Visakhapatnam: Minister for Roads and Buildings, Infrastructure and Investments BC Janardhan Reddy has underscored that the state is moving forward with a clear vision to emerge as South Asia's logistics gateway. He was speaking at the Ports and Logistics Conference, organised by the Confederation of Indian Industry in Visakhapatnam on Friday. The conference focused on unlocking the state's port potential, improving last-mile connectivity and promoting multimodal logistics integration. The Minister highlighted that Andhra Pradesh's ports now contributed over 5 per cent to the state's GSDP, supporting nearly one million jobs. Visakhapatnam Port alone handled 82.62 million tonnes in FY 2024–25, while the Krishnapatnam and Gangavaram ports together handled over 54 million tonnes, reflecting robust growth and private participation. The Minister observed that the government was investing over Rs.20,000 crore to improve connectivity through 1,040-km of new highways and major corridors like Badvel-Nellore and the VCIC rail line. 'Andhra Pradesh wants to cut logistics costs by half with Rs.20,000 crore infrastructure push,' the Minister underlined. The Chairman of Andhra Pradesh Maritime Board D, Satyanarayana, highlighted that Andhra Pradesh was strategically building a robust port-led development model with six operational ports and three new greenfield ports at Machilipatnam, Ramayapatnam, and Bhavanapadu. He shared that these were not being developed in isolation, but as part of integrated logistics and industrial corridors, fully connected through road, rail, and multimodal networks. The Chairperson of Visakhapatnam Port Authority, M Angamuthu, emphasised that Andhra Pradesh had the right foundations to emerge as a maritime entrepreneurship hub, with its strategic location, proactive governance, and well-established port network. He noted that most major ports in the state were currently operating at just 50 per cent capacity, indicating significant untapped potential. The Chairman of CII, G Murali Krishna, highlighted that ports were no longer just trade enablers but strategic national assets influencing diplomacy, jobs, and regional growth. He shared that Andhra Pradesh's balanced economy and strong policy incentives had already attracted Rs.9.2 lakh crore in investments.
New Indian Express
29-04-2025
- Business
- New Indian Express
30 per cent of Machilipatnam Port project works completed so far
VIJAYAWADA: Roads & Buildings, Infrastructure and Investments Minister BC Janardhan Reddy stated that the construction of Machilipatnam port will be completed within the stipulated time and will emerge as a gateway to the Amaravati capital, playing a strategic role in Andhra Pradesh's development. He, along with Excise Minister Kollu Ravindra, APSRTC Chairman Konakalla Narayana, and AP Maritime Board Chairman Damacharla Satya, inspected the ongoing port works on Monday. Janardhan Reddy directed officials to expedite the construction after reviewing the progress report for the port works. 'Around 30% of the work has been completed so far, and all required permissions have been obtained. The port works are gaining pace with the efforts of the TDP-led NDA government. The government will fulfil the long-cherished dream of the Machilipatnam people by completing the works soon,' he added. He also revealed that Chief Minister N Chandrababu Naidu is continuously reviewing the progress of the works every month. Additionally, the team visited the Gilakaladindi Fishing Harbour and inspected the construction works. The Minister stated that the harbour, which is being constructed with an estimated budget of Rs 450 crore, will be made available for fishermen by March 2026, and 57% of the work has been completed so far. Krishna District Collector DK Balaji, Maritime Board CEO Praveen Aditya, MLAs Kagitha Krishna Prasad, Varla Kumar Raja, Venigandla Ramu, and other officials were also present.
