Telugu Latest News : Good news is coming to Andhra Pradesh and Telangana. The central government will set up 12 industrial parks with a cost of Rs.25 thousand crores. Andhra Pradesh and Telangana are in the list of states where these parks will be established.
It seems that the central cabinet will soon approve this huge package. The Center is going to set up new industrial parks in Bihar, Punjab, Uttar Pradesh, Uttarakhand, Kerala and other areas along with Andhra Pradesh and Telangana. With this decision to be taken by the Cabinet, the Center is planning to significantly increase industrial growth and economic progress in the states. It is reported that the cabinet is likely to approve this week itself.
Officials of the Union Finance Department said that the Union Cabinet will approve the expenditure of around Rs.25,000 crore. The Center expects these new projects to attract investments of Rs 1.5 trillion. As part of this plan, medium-sized industrial cities with residential and commercial areas are believed to attract foreign investment. Union Finance Ministry officials say that it is possible to increase domestic manufacturing and create employment through these industrial parks.