Asia Pulp and Paper management signed a MoU with AP government for the formation of the paper industry at Ramayapatnam in Prakasam district on Wednesday.
In two countries Asia Pulp is investing Rs 24k cr. The paper industry will provide nearly 4500 direct, 12.000 indirect employment, and 50 thousand farmers will be benefited with the paper mill.
This paper mill will produce 4.3 million tones of production every year. Constructing the Ramayapatnam port and paper mill is a historical event, CM said.
In ease of doing business, AP stands No.1 and the state has become the paradise for the investments, Naidu says.