The state is taking major steps to create employment for 20 lakh youth, Andhra Pradesh Twenty Point Programme chairman Lanka Dinakar said on Monday.
Dinakar said the NDA coalition government has attracted Rs 9.30 lakh crore in investments in one year, with a focus on promoting Micro, Small, and Medium Enterprises (MSMEs) and accelerating industrial development in Andhra Pradesh.
"The government aims to employ 20 lakh youth in five years by strengthening MSMEs and fast-tracking industrial growth," Dinakar said in a press release.
Dinakar noted that MSMEs currently contribute 30 per cent to the Gross Domestic Product (GDP), with over eight lakh units operating in the state, which will drive the Swarna Andhra (Golden Andhra) 2047 vision.
Coordination between MSMEs, the Society for Employment Generation and Enterprise Development in Andhra Pradesh (SEEDAP), and the Industries Department is being strengthened to provide skill training and establish industrial units in backward districts, Dinakar added.
SEEDAP chairman G Deepak Reddy, in a press release, said that 16,000 youth are being trained every quarter, with plans to scale this up to 60,000 annually and increase the number of training centres from 103 to 250 by 2026.
He added that 40 rural business units have been identified, with plans to increase this to 300 in six months and bring 10 central schemes to Andhra Pradesh.
Dinakar said the NDA coalition government has attracted Rs 9.30 lakh crore in investments in one year, with a focus on promoting Micro, Small, and Medium Enterprises (MSMEs) and accelerating industrial development in Andhra Pradesh.
"The government aims to employ 20 lakh youth in five years by strengthening MSMEs and fast-tracking industrial growth," Dinakar said in a press release.
Dinakar noted that MSMEs currently contribute 30 per cent to the Gross Domestic Product (GDP), with over eight lakh units operating in the state, which will drive the Swarna Andhra (Golden Andhra) 2047 vision.
Coordination between MSMEs, the Society for Employment Generation and Enterprise Development in Andhra Pradesh (SEEDAP), and the Industries Department is being strengthened to provide skill training and establish industrial units in backward districts, Dinakar added.
SEEDAP chairman G Deepak Reddy, in a press release, said that 16,000 youth are being trained every quarter, with plans to scale this up to 60,000 annually and increase the number of training centres from 103 to 250 by 2026.
He added that 40 rural business units have been identified, with plans to increase this to 300 in six months and bring 10 central schemes to Andhra Pradesh.
You may also like
Charli xcx and The 1975's George Daniel marry as fans gush over 'beautiful' dress
Fans say £16.60 Havaianas flip-flops stayed 'comfy after eight weeks of daily use'
Prince Harry asked royal ally 'brutal question' while flying solo at event without Meghan
AI-171 Crash: Indian Pilots' Body Serves Legal Notice To WSJ And Reuters Over 'Speculative And Defamatory' Reports Blaming Crew
Chia seed water drink goes viral for health benefits, but experts warn of common mistake and side effects