Covid-19 has become catastrophic to the world and several sectors have been badly hit by the lockdown. Unemployment is also looming large across the globe. But still some developments turning out to be an advantage for Andhra Pradesh.
Going into the details, America is seriously upset with China and everybody knows the reasons that led to the situation.
President Donald Trump is breathing fire on China whenever he gets an opportunity. This rising cold war is reflecting on the World Trade as well.
A few South Korean companies are planning to move their factories out of China to India at this juncture. Iron, steel companies have already started contacting Indian government to set up their factories in India.
Indian government is keen to set up these factories in Andhra Pradesh because of the availability of huge chunk of lands with port connectivity.
AP is blessed with long coastal area and ports as well. AP government is also keen to welcome new investments because it will increase employment opportunities in the state.
Hyundai Steel and Posco are planning to set up their factories in India and the government is also ready to give the required permissions to them in AP.
Coronavirus and the subsequent developments are wreaking havoc in the whole word including AP. But this development is truly a blessing in disguise.
