Davos [Switzerland], January 21 (ANI): The World Economic Forum (WEF) Summit commenced with grandeur on the Davos Congress Center, bringing collectively international leaders, industrialists, and policymakers.
Andhra Pradesh’s State Minister for Education, IT, and Electronics Nara Lokesh and Union Minister Ram Mohan Naidu represented India on the occasion, together with Chief Minister Chandrababu Naidu and State Industries Minister TG Bharat.
Following the grand inauguration round 8 PM Zurich time, a networking dinner supplied a possibility for the Andhra Pradesh delegation to showcase the state’s investment-friendly ecosystem.
The workforce highlighted Andhra Pradesh as a hub for innovation and growth, inviting industrialists to discover collaborative alternatives.
During the summit, Minister Nara Lokesh urged international industrialist Lakshmi Mittal, Chairman of the Mittal Group, to spend money on growing Bhavanapadu right into a world-class petrochemical hub.
Lokesh outlined the strategic benefits of the area, together with a deliberate port capability of 83.3 MTPA, sturdy infrastructure, and the presence of the Indian Institute of Petroleum and Energy in Vizag.
He emphasised the area’s potential for manufacturing, RD, and logistics in petrochemicals and inexperienced power, supported by a secure and investment-friendly authorities.
Minister Lokesh additionally proposed organising a 2 GW photo voltaic cell manufacturing plant in Andhra Pradesh with an funding of Rs3,500 crore below HMEL, a three way partnership between HPCL and Mittal Green Energy Limited. The challenge, anticipated to create 2,000 jobs, acquired a powerful assurance of presidency assist.
Lakshmi Mittal shared updates on ArcelorMittal’s ventures in Andhra Pradesh, together with a Greenfield metal challenge in partnership with Japan’s Nippon Steel.
With an funding of Rs1.4 lakh crore, the challenge goals to ascertain a 17.8 million-ton capability metal plant close to Anakapalli, phased over two levels. Mittal confirmed that vital approvals, together with a Government Order issued on November 26, 2024, are in place.
Mittal additionally detailed renewable power tasks, together with a partnership with Greenko to develop 975 MW of photo voltaic and wind power capability.
This power will provide 250 MW to the Anakapalli metal plant, lowering annual carbon emissions by 1.5 million tons. Additionally, a 1 MT Green Ammonia challenge in Kakinada has been dedicated, additional aligning with Andhra Pradesh’s concentrate on sustainable power.
Minister Lokesh expressed gratitude for Mittal’s large-scale investments and reaffirmed the state’s dedication to supporting industrial progress. The discussions marked a major step towards strengthening Andhra Pradesh’s industrial and renewable power panorama.
The assembly was attended by Kumar Aditya Mittal, Union Minister Ram Mohan Naidu, State Industries Minister T.G. Bharat, and AP Economic Development Board CEO Saikant Varma. (ANI)