In a highly encouraging development, the government of Andhra Pradesh is putting up a mega investment plan in the Machilipatnam and Kakinada area which has sparked a lot of discussions.
CM Chandrababu Naidu tweeted a few minutes ago about the mega investment plan involving BPCL company and their possible investment in AP.
Strategically placed on the eastern coast of the country, our state has a significant petrochemical potential. Today, I met with the representatives of the Bharat Petroleum Corporation Limited led by Chairman and Managing Director, Mr Krishna Kumar.
We explored the establishment of an oil refinery and petrochemical corridor in Andhra Pradesh with an investment of 60-70,000 Cr. I have sought a detailed plan and feasibility report in 90 days. About 5,000 acres of land will be required for this project, which the government looks forward to facilitating in a hassle-free manner, Naidu tweeted.
JSP MP Balashouri played a crucial role in the discussion as well.
Strategically placed on the eastern coast of the country, our state has a significant petrochemical potential. Today, I met with the representatives of the Bharat Petroleum Corporation Limited led by Chairman and Managing Director, Mr Krishna Kumar. We explored the establishment… pic.twitter.com/UT5S37Nst3
— N Chandrababu Naidu (@ncbn) July 10, 2024