Bunking the Conspiracy theories being spread TDP supporters, Investors are Bee-lining to Andhra Pradesh After YS jagan Mohan Reddy became the Chief Minister. Recently two public sector companies have come forward to set up plants in AP. NTPC, the country's largest electric power distribution company, is setting up a new power plant.
A 25 MW Solar Photovoltaic (SPV) power plant will be set up by NTPC at visakhapatnam (Simhadri). It is reported that the company has given an order of Rs 100 Crore to BHEL. UltraTech Cement is going to set up a factory. The project which is worth Rs 2,500 crore will be set up as an integrated cement plant near Petnikota village in Kurnool district.
POSCO (formerly Pohang Iron and Steel Company), world's fifth-largest steel manufacturer from south korea, has already met the Chief Minister. The company's CEO, Bong Gill Ho had previously met with YS jagan Mohan Reddy at the CM's camp office and he said that they are ready to set up a steel plant in the state.
