- विज्ञापन -
Amaravati: The Andhra Pradesh State Investment Promotion Board (SIPB) has approved 15 new investment projects totaling ₹44,776 crore during its third meeting, chaired by Chief Minister N. Chandrababu Naidu.
These projects, primarily in the renewable energy and food processing sectors, are anticipated to create approximately 19,580 jobs.
With this latest approval, the total investments sanctioned by SIPB over the past seven months have surpassed ₹3 lakh crore.
The Chief Minister has instructed officials to expedite the clearance of all necessary permissions to ensure these projects commence as soon as possible. The state’s investment-friendly policies have significantly boosted investment interest.
Since the Telugu Desam Party-led NDA government took office seven months ago, the SIPB has approved projects worth ₹3,10,925 crore, which are expected to generate 3,12,576 jobs. The first SIPB meeting approved ₹83,987 crore in investments, followed by ₹1,82,162 crore in the second meeting.
At the recent meeting, Chief Minister Naidu emphasized the importance of monitoring project developments closely and ensuring swift implementation, especially for investments exceeding ₹10 crore. He highlighted the competitive landscape and urged officials to enhance the “Speed of Doing Business” for better outcomes.
Naidu also instructed Chief Secretary K. Vijayanand to conduct regular review meetings to facilitate speedy approvals at the state level, as well as coordinate with district collectors to track progress on the ground. To improve oversight of permission processes and address grassroots issues, a state-level coordinator will be appointed. Additionally, he called for a focus on tourism projects, aiming for at least 20% progress in that sector.
