HomeTech newsAndhra Pradesh wins in getting industrial investment, tops the list of states

Andhra Pradesh wins in getting industrial investment, tops the list of states

Industrial Investment: Industrial investment is increasing rapidly in the country and the special thing is that two states of the country are getting 45 percent of the total industrial investment. These two states are Odisha and Andhra Pradesh and the Department for Promotion of Industrial and Internal Trade (DPIIT) has given this information. In terms of industrial investment, the southern state of Andhra Pradesh has won. Andhra Pradesh has the largest share in the industrial investment that India has received in the first 7 months of the year 2022. This information has been given by the Jaganmohan Reddy-led government of Andhra Pradesh.

DPIIT Report – July 2022
The Department for Promotion of Industrial and Internal Trade (DPIIT) has said that India had received a total industrial investment of Rs 1,71,285 crore till the end of July 2022. Andhra Pradesh topped the list with an investment of Rs 40,361 crore out of the total investment. Both the states of Andhra Pradesh and Odisha have outperformed the rest of the country by getting 45 per cent share of the total investment.

Andhra Pradesh first followed Odisha second
According to the DPIIT, in the July 2022 report, it has been given that India’s real industrial investment in the first 7 months of the year stood at Rs 1,71,285 crore. In this, Andhra Pradesh has got the maximum money (Rs 40,361 crore) followed by Odisha which has got Rs 36,828 crore out of total investment.

Jaganohan Reddy cabinet approves huge investment proposals
Before this report came out earlier this month, the cabinet of Jaganohan Reddy government of Andhra Pradesh approved investment proposals totaling Rs 1,26,748 crore in the state. Through this investment, arrangements will be made to create employment opportunities for 40,330 people in the next seven years.

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