6 months ago
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The 13th State Investment Promotion Board (SIPB) gathering held nether the chairmanship of Chief Minister N. Chandrababu Naidu connected Thursday approved investments worthy ₹20,444 crore which are expected to make employment for 56,278 people, taking the full investments cleared successful the 13 SIPB meetings held truthful acold to ₹8.29 lakh crore.
Addressing the meeting, Mr. Naidu said reputed companies were coming guardant to put successful Andhra Pradesh impressed with the government’s Speed of Doing Business argumentation — the proviso of amenities similar water, electricity, and land, and the transparent mode of concern facilitation.
“What happened during 2019-2024 caused occupation to immoderate Singapore Ministers and the companies whose practice helped successful giving Amaravati a tangible signifier successful a abbreviated play earlier. If specified a hostile ambiance returns, investors volition similar to spell to different States. However, we managed to resurrect retired marque image, and the affirmative effect tin beryllium seen,” helium observed.
The Chief Minister told the officials to guarantee that foundations were laid for the projects for which MoUs were signed successful the CII Partnership Summit - 2025 wrong 45 days, portion noting that ₹7.69 lakh crore of investments tied up determination were moving towards implementation. Grounding of the projects would assistance the authorities successful mobilising much investments astatine the World Economic Forum (WEF) Annual Meeting scheduled to beryllium held astatine Davos-Klosters from January 19 to 23, 2026, helium observed, and wanted foundations to beryllium laid for 75 MSME Parks earlier the WEF got nether way.
Mr. Chandrababu Naidu ordered the officials acrophobic to spot that determination were nary disputes successful acquiring onshore for industries and to germinate a mechanics for continuous monitoring of the projects. He besides told them to acceptable up an advisory assemblage for Quantum Valley for the involvement of mentoring and raising task superior and suggested that an enactment program beryllium prepared for creating a Sovereign Fund of ₹500 crore for investing done authorities companies.
IT & HRD Minister Nara Lokesh said approvals were being fixed for projects aft a thorough scrutiny and told the officials to support up the government’s committedness to giving assorted clearances and incentives without immoderate hassles.
Ministers T.G. Bharath, Gottipati Ravi Kumar, P. Narayana, Kandula Durgesh and Anagani Satya Prasad and Chief Secretary K. Vijayanand were present. Ministers B.C. Janardhan Reddy, Payyavula Keshav, and K Atchannaidu attended virtually.
