The projects approved on Thursday are expected to generate 80,104 employment opportunities.
Published Mar 13, 2025 | 7:29 PM ⚊ Updated Mar 13, 2025 | 7:29 PM
TDP treading on eggshells on Waqf Amendment Bill(X)
Synopsis: Andhra Pradesh State Investment Promotion Board has so far approved investments to the tune of ₹4,32,584 crore, which are expected to generate 3,92,680 jobs.
A meeting of the Andhra Pradesh State Investment Promotion Board (SIPB) at the Secretariat at Velagapudi in Amravati on Thursday, 13 March, approved ₹1,21,659 crore investments by 10 companies in various sectors, including power, tourism, and manufacturing.
These projects are expected to generate 80,104 employment opportunities.
Chief Minister N Chandrababu Naidu, who chaired the meeting, directed officials to ensure that industries that have signed investment agreements begin the groundwork immediately. He emphasised that the progress of approved and agreed projects should be monitored daily through a tracking system.
The chief minister also reviewed the progress of projects approved in the previous three SIPB meetings. He instructed officials to establish MSME parks in all 175 constituencies, starting with one park each in 26 districts.
Additionally, he mandated the establishment of five Ratan Tata Innovation Centers in five locations within the state within the next month, an official press release said.
Naidu stressed the need for constant follow-up with investing companies until the projects are grounded, fast-tracking approvals, and ensuring the commencement of work at the field level.
He urged ministers and officials to work fast, asserting that consistent progress would yield tangible results annually, the release said.
According to the official release, the details of investments approved in the 4th SIPB meeting are as follows:
Investments approved in the previous SIPB meetings are as follows:
(Edited by Majnu Babu).
