Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the ArcelorMittal Nippon Steel (AM-NS) India plant in Nakkapalli, Anakapalli district, highlighting the state’s attractiveness for industrial investments. The project, with a total investment of Rs 1.35 lakh crore, aims to establish a Steel City in the region, starting with an 8.2 million tonnes per annum capacity in the first phase.
The plant, set to create over 1 lakh jobs, will be developed in phases, with a final production capacity of 17.8 million tonnes of steel. The Chief Minister emphasized that this initiative will boost development in North Andhra and cater to the rising steel demand in the country. Additionally, the project includes a captive port, road infrastructure, and raw material supply pipeline.
Acknowledging the support from Prime Minister Narendra Modi, CM Naidu praised the state’s investor-friendly policies that attracted ArcelorMittal-Nippon Steel to Andhra Pradesh. The Chief Minister highlighted the state’s industrial growth in various sectors and the upcoming establishment of a Google Data Centre in Visakhapatnam, attracting significant foreign investment.
Union Minister H. D. Kumaraswamy emphasized the importance of such projects for India’s long-term steel capacity goals. He noted that the collaboration between global expertise and domestic ambition will modernize India’s steel ecosystem and align with the National Steel Consumption Policy. The arrival of ArcelorMittal-Nippon Steel industry in Andhra Pradesh is seen as a significant step towards realizing the vision of a robust steel ecosystem in the region.
