Chandrababu Naidu and Lokesh Discuss Investments with Lakshmi Mittal

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Chandrababu Naidu and Lokesh Discuss Investments with Lakshmi Mittal

Andhra Pradesh Chief Minister N. Chandrababu Naidu, along with Ministers Nara Lokesh and T.G. Bharat, held a meeting with ArcelorMittal Executive Chairman Lakshmi Mittal on Monday during their visit to Davos. The discussions focused on potential investments in Andhra Pradesh, with Nara Lokesh inviting Mittal to establish a petrochemical hub in Bhavanapadu, highlighting the strategic importance of the location for petrochemical exploration.

Lokesh also proposed the establishment of a solar cell manufacturing plant in the state. The project, under the HPCL-Mittal joint venture Green Energy Limited, envisions a ₹3,500 crore investment to set up a 2 GW solar cell manufacturing facility in India. Lokesh urged Mittal to consider Andhra Pradesh as the site for the plant, which is expected to create approximately 2,000 jobs.

The state government assured full support for the project, emphasizing its commitment to fostering green energy initiatives and industrial growth.

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