6 months ago
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The Andhra Pradesh State Investment Promotion Board (SIPB) has approved concern proposals worthy ₹19,391 crore from 14 companies, which are expected to make employment for 11,753 people.
The approved projects span cardinal sectors specified arsenic industries, tourism, nutrient processing, energy, and renewable power. With these clearances, the full investments approved truthful acold by the SIPB person reached ₹8.74 lakh crore, with employment imaginable for astir 8.35 lakh people.
Chairing the 14th gathering of the SIPB connected Tuesday, Chief Minister N. Chandrababu Naidu said that beardown teamwork and focused governance were the main reasons down Andhra Pradesh achieving amended concern results successful 2025.
He called upon the Ministers and officials to support the aforesaid momentum successful 2026.
Revival of Andhra Pradesh’s marque representation has helped pull large home and planetary companies. Firms specified arsenic Google, Tata Group, Jindal, Birla, Adani, Reliance, TCS, and Cognizant person made important investments successful the State, the Chief Minister said, and directed Ministers and officials to guarantee error-free implementation of projects with accountability.
Emphasising the nutrient processing sector, Mr. Naidu said much processing units should beryllium acceptable up, peculiarly successful the Tirupati region, to guarantee amended returns for farmers done worth addition.
He reiterated that argumentation implementation should beryllium transparent and uniform, with adjacent opportunities for each investors.
True-up charges
Highlighting reforms successful the powerfulness sector, Mr. Naidu said energy charges had been reduced by 13 paise per portion and the authorities had decided to carnivore ₹4,500 crore successful true-up charges to easiness the load connected consumers.
He added that efforts were underway to trim powerfulness acquisition costs further, with a people of bringing them down to ₹3.70 per portion by 2029. These reforms, helium said, played a important relation successful attracting information centres and ample investments.
A.P. IT Infra Connect Portal
The Chief Minister unveiled the Andhra Pradesh IT Infra Connect Portal aft the meeting. He besides announced a maestro program for the improvement of Suryalanka Beach, with a absorption connected cleanable and sustainable formation tourism, and projected land tourism connected the lines of the Maldives.
He called for strengthening tourism clusters specified arsenic Visakhapatnam, Konaseema, Papikondalu-Polavaram, Pulicat, and Gandikota.
HRD Minister Nara Lokesh, Finance Minister Payyavula Keshav, Agriculture Minister Kinjarapu Atchannaidu, Energy Minister Gottipati Ravi Kumar, Revenue Minister Anagani Satya Prasad, MAUD Minister P. Narayana, Industries Minister T.G. Bharat, Tourism Minister Kandula Durgesh, R&B Minister B.C. Janardhan Reddy, Labour Minister Vasaamsetty Subhash, Chief Secretary K. Vijayanand, and elder officials from assorted departments were present.
