PaperDabba News Desk – [Date] AP Chief Minister Chandrababu Naidu emphasized that Andhra Pradesh is the best destination for industrial investments. On Wednesday, CM Chandrababu met with representatives of BPCL and VinFast at the Secretariat to discuss investments in the state.
Main Content
BPCL Discusses Major Investment Plans
BPCL Chairman and Managing Director Krishna Kumar, along with other representatives, discussed the establishment of an oil refinery and petrochemical complex in the state. This proposal, if realized, could attract investments of around Rs. 60,000 crore. During his Delhi visit, Chandrababu discussed BPCL investments with central leaders, and today’s meeting was a follow-up to those discussions.
BPCL representatives indicated that 4-5 thousand acres of land would be necessary for setting up the oil refinery and petrochemical complex. The Chief Minister assured that the required land would be allocated and requested the company to come up with a complete project plan within 90 days. BPCL representatives assured the CM that they would submit the feasibility report by October.
VinFast Explores Investment Opportunities
Following the meeting with BPCL, CM Chandrababu met with VinFast representatives. VinFast, a prominent electric vehicle manufacturer from Vietnam, was represented by CEO Pham Nhat Vuong and other officials. The Chief Minister elaborated on the investment opportunities in the state and encouraged VinFast to establish an EV and battery manufacturing plant in Andhra Pradesh.
The Chief Minister promised necessary land and infrastructure support, expressing readiness to cooperate in all aspects. He urged the company to invest in Andhra Pradesh. Before the meetings, the Chief Minister hosted a lunch for representatives of BPCL and VinFast.
These meetings highlight Andhra Pradesh’s potential as a prime investment hub. The proactive steps taken by CM Chandrababu Naidu aim to attract significant investments, boosting the state’s industrial growth.
