Rao told a crowd after laying the foundation stone for the Union Bank of India Rural Self Employment Training Institute (UBI-RSETI) in the 4th ward of Siddipet Municipality that Coca Cola will establish a large bottling unit at Kondapochamma and South India's largest rice processing mill will be established at Wargal, followed by another firm's granite factory at Bejjanki.
He claims that the DXN industry has been operating in the district for several years. "Several industries are coming up in this district, and banks are establishing training institutes. It is now the responsibility of the youth to get properly trained and hone their skills for employment," he said.
"We want banks to give loans to the youth so they don't have to rely on others," Rao said, adding that the local public representative should also take the lead in motivating the youth to get trained.
The Minister also requested that Union Bank officials establish a regional bank in Siddipet because banks in the district were doing well.
He stated that the SBI and APGVB had already established regional banks and that 140 branches of various banks in the district had a combined annual turnover of Rs.11,000 crore. He claimed that the town's bank street had 30 different bank branches.
V Roja Sharma, Municipal Chairperson K Manjula, Lead Bank Manager Satyajit, Siddipet Union Bank Manager Sathyam, and others were in also attended.
