Chief Minister inaugurates Sri City Progress Celebrations

Unveils Investments Worth Rs. 1570 Crore Paving Way for 8500 New Jobs

“Along with boosting ‘ease of doing business’, my government will focus on accelerating ‘speed of business’ and driving ‘cost-effective business’”- CM

The Hon’ble Chief Minister of Andhra Pradesh, Mr. N. Chandrababu Naidu, today graced the Progress Celebrations-2024 in Sri City, a thriving industrial hub, marking a significant milestone in its development. Upon his arrival at the helipad, the Chief Minister was warmly received by Dr. Venkateswar, District Collector of Tirupati, Mr. L. Subbarayadu, Superintendent of Police, Tirupati, along with Mr. C. Sriniraju, Chairman, and Mr. Ravindra Sannareddy, Founder Managing Director of Sri City, 

The Chief Minister participated in a vibrant ceremony, laying the foundation stone for eight new companies and inaugurating 16 manufacturing units. He also witnessed the signing of Memoranda of Understanding (MoUs) between Sri City and five more companies, signalling a commitment to further growth. These new ventures represent a total investment of Rs. 3683 crore and are expected to create over 15280 new jobs in the region.  

He further inaugurated the newly built fire-station and laid the foundation for the new Hi-Tech Police Station, bolstering infrastructure and safety within the industrial hub.

During an interactive session with industry leaders, Mr. Naidu commended Mr. C. Sriniraju, and Mr. Ravindra Sannareddy for their vision and dedication in transforming an underdeveloped region into a global model for industrial development. “Sri City has emerged as one of the finest examples of industrial development in the country and beyond, a fact of which I am immensely proud," he stated. He highlighted Sri City's cooler climate and active greenery initiatives. 

The Chief Minister reaffirmed his government's commitment to supporting investors, focusing on enhancing both the ease and speed of doing business, and reducing costs. He announced that fire renewals for industries will now be required every five years, not annually, and promised timely payment of pending incentives, infrastructure improvements, and lower water and power tariffs.

Industries Minister Mr. T.G. Bharath announced that government is working on a new industrial policy making it easier, faster, and more affordable to invest in the state.

Expressing his heartfelt gratitude to the Chief Minister, Mr. Ravindra Sannareddy stated, "Sri City has crossed another significant milestone, marking a pivotal moment in its continued development. He added, "Under your dynamic leadership and forward-thinking industrial policy, Andhra Pradesh will continue as the preferred destination for global investments."

The event was attended by numerous dignitaries, including Home Minister Mrs. V. Anitha, MLA Satyavedu Mr. Koneti Adimulam, and MLA Sullurupeta Dr. N. Vijayashree. Top government officials, including Mr. C. Dwaraka Tirumala Rao, IPS, DGP, Madireddi Pratap, IPS, DG, Fire Services, Dr. Yuvaraj, IAS, Secretary, Industries Department, Dr. Shemushi, IPS, DIG Anathapuram, Mr. M. Abhishikth Kishore, IAS, MD, APIIC, Dr. Ch. Sridhar, Director of Industries and other senior State Government officials, were also present.