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AP CM Jagan is on a series of meetings with several industrialists to attract investment to the state during the Davos tour. It is learned that Aditya Mittal, Chairman, ArcelorMittal Nippon Steel Company, had a meeting with CM Jagan on the occasion. To this end, Aditya Mittal has agreed to invest Rs 1,000 crore for the expansion of its own plant in Visakhapatnam. In addition, ArcelorMittal has announced that it is partnering with the world’s largest renewable energy project, recently formed under the leadership of Green Co., in the Orvakallu area of Kurnool district. It said it was investing Rs 4,600 crore under its stake in the project.
[1/2] On the sidelines of the #WorldEconomicForum annual meeting at # Davos2022Aditya Mittal, Chairman AMNSIndiasigned an MoU with ysjagan led #AndhraPradesh government to expand operations of its #Visakhapatnam asset with an INR 1,000 crore investment.NdAndhraPradeshCMwef https://t.co/Y7OSow7V75
– ArcelorMittal Nippon Steel India (@AMNSIndia) May 25, 2022
Pawan Kalyan on Davos: Is what Jagan is saying in Davos true?
On the other hand, Power Minister Peddireddy Ramachandrareddy lauded the AP government’s agreement with Adani Green Energy to invest heavily in strengthening the power sector in AP. At the Davos summit, Peddireddy Ramachandra Reddy opined that the signing of agreements by CM Jagan to bring in huge investments to the state was a key development in the state’s power sector.
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