ArcelorMittal has been grounded in Nakkapalle, Uttarandhra, and it is needless to say this is a massive boost for the region, especially in terms of large-scale employment generation.
ArcelorMittal CEO Aditya Mittal, son of Lakshmi Mittal, graced the occasion. Andhra Pradesh Chief Minister Chandrababu Naidu, Pawan Kalyan, and Nara Lokesh were also present, along with several other leaders.
During his speech, Pawan Kalyan gave his strongest endorsement yet to Chandrababu Naidu, speaking without filters. He said, “I may be your favorite person, but I do not have the experience to bring investments to the state. Our CM is a different kind of politician, a durandharudu when it comes to attracting investments.”
It was Nara Lokesh who relentlessly followed up with CEO Aditya Mittal and helped turn this into reality. The results are there to see. When two young leaders work together, the speed of execution can be both shocking and impressive.
The AP government has allotted 5,464 acres of land for the project, and production is expected to begin in December 2028.
With ArcelorMittal now grounded, the region is expected to undergo a major transformation, with lakhs of jobs, both direct and indirect, and a wave of supporting industries and businesses likely to emerge around the project.
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