Rajahmundry: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy said that the bio-ethanol plant establishment in AP is good for the farming community, youth and the entire State. He laid the foundation stone for the plant at Gummaladoddi in East Godavari district on Friday with an estimation cost of Rs 270 crore.

After laying foundation stone in his address he said that Assago Industries will establish this plant and will offer direct and indirect jobs to 300-400 people, of whom 75% would be locals. It will have a production capacity of two lakh litres, he said.

Ashish Gurnani Managing Director (MD), his father CP Gurnani, also the CEO and MD of Tech Mahindra, and MLAs and Ministers were present at the event.  Jagan also said that the land and other clearances were issued and the ground breaking ceremony has been conducted just six months after CP Gurnani proposed the project during the World Economic Forum at Davos. This stands testimony to the Ease of Doing Business (EoDB) in Andhra Pradesh.

Recalling his meeting with the Tech Mahindra MD, Jagan said he had invited CP Gurnani to invest in AP, while explaining how his Government has been supporting and encouraging industries. Stating that the unit will help farmers of the region, he added. The bio-ethanol plant is a perfect solution to the farmers’ problems. The community has always been at the receiving end of cyclone and floods, resulting in discoloured and broken rice. The plant will use the damaged paddy, besides maize as raw material for producing bio-ethanol.

Most importantly, being a zero liquid discharge plant, there will not be any pollution. Further, its byproduct can be used as high quality protein feed for cattle, fish and poultry. Reiterating the State government’s commitment to extend support to industries and investors, he said CP Gurnani will be a brand ambassador for the State. We are only a call away to address any of your problems.

Tech Mahindra CEO Describing Jagan as dynamic, people and social-engineering oriented and was all praise for the YS Jagan. I met YSR during Mahindra’s takeover of Satyam. Today, my son is setting up his first industry in the State following my footsteps with the encouragement of Jagan, who is following his father’s footsteps, he remarked.