00:00Breaking news right at the top that we are bringing to you.
00:03This is Korean Auto Major, Kia's big Andhra investment.
00:07Kia India announces a $2 billion investment,
00:10which is nearly 70,000 crore investment in Andhra Pradesh.
00:15A new plant to generate around 12,000 jobs.
00:20Kia India MD, Gwangu Lee, praises Chief Minister Naidu's commitment
00:24and dedication in promoting industrial growth.
00:27This is the latest that we are bringing to you with regards to Andhra's big boost
00:31that we see toward industrial development,
00:34bringing in more employment opportunities into the state.
00:38Let's listen in to what the Chief Minister had to say.
00:44As of today, as of now, this time,
00:49303 MOUs are prepared to sign with us.
00:539.89 lakh crores.
00:56Total, if you see,
00:5832.49 lakh crores
01:01for two and a half years.
01:03This is the biggest investment in India.
01:06I am very happy.
01:08I am thanking all of you
01:09for having so much of confidence on this government.
01:17Apoorva joining us on the broadcast with more details on this.
01:21Apoorva, very good afternoon to you.
01:23How are we looking at this latest development coming in?
01:27It's a big boost for the state of Andhra Pradesh
01:30when we speak of both employment opportunities
01:32as well as development on the industrial front.
01:35Well, that's right.
01:36In fact, Andhra Pradesh's Chief Minister has always maintained
01:39that it's not only just ease of doing business,
01:42but also the speed of doing business.
01:43And that's also being reflected today as well,
01:46wherein the Chief Minister himself
01:47has gone ahead and announced
01:49that close to 303 MOUs have been signed
01:52just in this year.
01:54And also, these MOUs worth over Rs. 10 lakh crores worth
01:58of investments for the state of Andhra Pradesh.
02:01And that's the speed of doing business
02:03combined with the ease of doing business
02:05is what the Chief Minister has announced.
02:07Especially in the CIA Summit,
02:09the 31st CIA Summit that is taking place
02:11in the Grand Mala in Vishakhapatlam,
02:14in the South City.
02:15We're also getting to some great change.
02:17We're also getting to see the investments
02:19that have been going on.
02:20One of the highest in the last two years
02:36we're looking at,
02:37and that's what we're looking at.
02:38It's a big opportunity for the state
02:41and it's a big push towards
02:43the manufacturing industry,
02:45the automobile industry,
02:46and basically the industrial growth,
02:48the industrial vikas for the very state in itself.
02:52And remember, both Chandrababu Naidu and Nara Lokesh
02:56at multiple platforms have continued to say this,
03:00that this is their core focus
03:02to make Andhra Pradesh more and more available
03:07for industries to come in and invest
03:10and bring in employment opportunities
03:12for the people there.
03:13And also to bring in people from outside
03:15to start developing Andhra Pradesh
03:17as the next hub for employment opportunities,
03:21be it in IT,
03:22be it in different other industrial sectors as well.
03:26So Apoorva is back with us on the broadcast.
03:28Let's take this back with her.
03:30Apoorva, as you were mentioning,
03:31this is a big push towards that industrial development
03:34and manufacturing development for Andhra Pradesh itself.
03:37And you know, both Nara Lokesh and Chandrababu Naidu
03:40have been extremely vocal about
03:41how they want Andhra Pradesh to develop
03:43as the next industrial hub of the country,
03:46the next hub which has employment opportunities
03:48not only for people of their state,
03:50but also for people from other places
03:52to migrate here and settle there
03:54as they have more and more employment opportunities
03:57to look forward to.
04:00Well, that's right.
04:01In fact, you know, Andhra Pradesh has been
04:03a pre-emptive in terms of backing
04:05these kind of investments.
04:07The IT minister,
04:08you know, continuously he's been stating
04:12that he's literally just a phone call of it.
04:14And that's the kind of, you know,
04:16access that the Andhra Pradesh government
04:18has been providing for investors,
04:20entrepreneurs, CEOs over the last two and a half years.
04:23I think you can also see the kind of investments
04:25that have been brought.
04:26Interestingly, you know, Andhra Pradesh government
04:28has also set to go ahead and introduce
04:31an investment protection act
04:34as a result of this kind in India
04:36in the upcoming, you know, AP SMR sessions as well.
04:39In a way, this, you know, AP investment protection...
04:45Absolutely, Apoorva.
04:46And that's what we're looking at.
04:48Thank you for putting that into context
04:49for our viewers.
