East Godavari district industry friendly: Bankers

  Pithapuram: State Bank of India (SBI) regional manager Raja Ram Mohan Rao said that the East Godavari district is well suited to establish industries with its infrastructure facilities.

Addressing awareness seminar on “Micro, Small and Medium Enterprises (MSME) - Smart and Outreach” at MPDO office, he said that the SBI will invest to those approach them to start an industry.

National Bank of Agriculture and Rural Development (NABARD) AGM Prasad explained about various industries suitable to establish in Pithapuram constituency. MPDO Subba Rao said that the constituency is suitable for food industries.

As many as 200 entrepreneurs took part and loans worth Rs 1 crore were distributed as cheques. Andhra Bank Manager P Mahesh Babu, CMD Srinivasa Rao, Zonal Manager Jagannadha Raju were present.