Mr. Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, laid the foundation stone for development projects in the Telugu State.
On the 22nd of June, Mr. Y.S. Jagan Mohan Reddy laid the foundation stone for the Krishak Bharati Cooperative Limited (KRIBCHO) Green Energy Private Limited, Vishwa Samudra Bio Energy and the CCL Food and Beverages industries, virtually. Besides these, the Andhra Pradesh Chief Minister also inaugurated Godrej Agrovet Ltd., from the Yuvajana Sramika Rythu Congress Party (YSRCP) Camp Office in Tadepalli.
On this occasion, CM Jagan Mohan Reddy said that a good program was launched in 3 districts with an investment of Rs.1,425 crores. The new developments would provide direct and indirect job opportunities to around 2,500 people in Andhra Pradesh.
During the development project launch, Mr. Y.S. Jagan Mohan Reddy said, “In addition to laying the foundation stone for three plants, we are starting one plant.” He further said, “Ethanol manufacturing plant will come up in Nellore under Krishak Bharati Cooperative Ltd (KRIBCHO) with an investment of Rs.610 crores (sic.”)
The construction of this factory would be completed within 12 months, confirmed Mr. Y.S. Jagan Mohan Reddy. The Bio ethanol plant with a production capacity of 500 kilometers will provide job opportunities to 1,000 people if the plant is completed in two phases, said the Chief Minister.
Furthermore, the YSRCP Government also provided compensation to those who provided the land required for this industry’s construction.
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