The Andhra Pradesh government is set to introduce the Andhra Pradesh Titanium and Strategic Materials Mission (AP-TSMM) to boost industrial development. Chief Minister N Chandrababu Naidu announced that the mission aims to attract significant investments and create numerous job opportunities in the state. During a recent review meeting, the Chief Minister emphasized the importance of the mission in driving economic growth.
The mission targets attracting investments worth Rs 50,000 crore and generating 40,000 jobs over the next decade. Chief Minister Naidu instructed officials to explore policies related to rare minerals and opportunities for value addition, aligning with the strategies of the Central government and other states. He also highlighted the need to develop the state as a hub for strategic materials, utilizing resources like beach sand minerals effectively.
Officials briefed the Chief Minister on the high value of beach sand minerals along the state’s coastline, essential for various industries. They proposed establishing three major processing parks, including a Titanium Park in Srikakulam with a production goal of 1.5 million tonnes annually. Additionally, plans include a Rare Earth Corridor in Anakapalli targeting 25,000 tonnes yearly and an Integrated Titanium and Rare Earth Corridor in Machilipatnam.
Minister Kollu Ravindra, along with other officials, participated in the discussions on the strategic mission. In a separate event, a Collectors’ conference scheduled for March 11 and 12 will focus on the state’s development. The conference will address welfare schemes, GSDP growth, infrastructure creation, and law and order, with the Chief Minister and other key officials delivering speeches and reviewing pertinent issues.
