Though oil giant Saudi Aramco
was supposed to be a largest investor, particularly in the PCPIR in Visakhapatnam, it went away to Maharashtra.
Now that the Jagan Mohan Reddy government is seeking to revive the PCPIR project, fresh investment opportunities are being explored from Saudi Arabia.
"We are making fresh headway in Saudi Arabia. There are several major project proposals in the pipeline and in the final stages.
We will pursue them and possibly seal the deals," the top official, who did not want to be quoted, said.
Meanwhile, Industry Special Chief Secretary Rajat Bhargava said in a statement that 39 large and mega units started their operations in the state since June 2019 with an investment of Rs 20,000 crore and providing employment to 33,000 people.
He said eight large and mega units at an outlay of Rs 7,916 crore and employment potential of 4,086 were under trail production stage while eight more units with an investment of Rs 8,663 crore and employment potential of 14,205 were in the machinery erection stage.
In addition, 6,572 MSME units were established with an investment of Rs 1,840 crore providing employment to 49,001 persons.
"We are following a focused approach to attract industries into the state. We have a robust development agenda focusing on natural competitive advantages the state holds and beyond.
We are working on a new industrial policy with a focus on faster clearances and transparency and accountability in land allotments," the Special Chief Secretary added.