What New Projects Did Andhra Pradesh Approve Worth Over Rs 39,000 Crore?

Amaravati, July 17 (NationPress) The Andhra Pradesh State Investment Promotion Board (SIPB) convened on Thursday to greenlight 22 new projects totaling an investment of Rs 39,473 crore.

The eighth SIPB meeting, led by Chief Minister N. Chandrababu Naidu, sanctioned these initiatives across diverse sectors, anticipated to generate 30,899 job opportunities.

Of the approved projects, eleven are situated in industries and commerce, seven in the energy sector, three in tourism, and one each in IT and food processing.

To date, the coalition government has seen eight SIPB meetings endorse a total of 109 projects. This encompasses 46 in the industrial sector, 41 in energy, 11 in tourism, 7 in IT, and 4 in food processing.

These initiatives have attracted total investments of Rs. 5,74,238 crores and are projected to create 5,05,968 job opportunities, according to an official declaration.

During the meeting, Chief Minister Naidu stressed the necessity of cultivating a synergistic ecosystem around forthcoming industrial initiatives in Andhra Pradesh, ensuring mutual advantages for industries, local communities, and related institutions.

Naidu articulated that such integrated development will not only spur industrial growth but also elevate surrounding regions through job creation and institutional affiliations.

The Chief Minister instructed officials to guarantee the establishment of robust infrastructure, including roads, ports, airports, and utilities, surrounding all upcoming industrial ventures in the state.

He emphasized that such advancements are vital to invigorate economic activity and secure the trust of local communities and farmers, noting, “People will part with land only when they are convinced of tangible benefits.”

Special attention was given to integrated planning for tourism development. He mandated officials to craft tourism initiatives with a broader ecosystem perspective, extending activities beyond core attractions to stimulate service sector investments. For PPP model tourism projects, he ordered expedited land acquisition and preparation.

Highlighting the potential of Srisailam due to its spiritual and water-based assets, the Chief Minister called for a comprehensive tourism strategy to attract more visitors. He also tasked officials with hastening the enhancement of road connectivity to Srisailam to facilitate increased tourist traffic.

In the hospitality realm, Naidu advised focusing beyond mere hotel accommodations to include recreational and service-linked projects that foster job creation and draw private investment.

To promote transparency and accountability in job creation, CM Chandrababu Naidu instructed the development of a dedicated employment portal to monitor and report job opportunities generated across both public and private sectors.

Ministers Nara Lokesh, K. Atchannaidu, Payyavula Keshav, TG Bharat, Anagani Satyaprasad, Gottipati Ravikumar, Kandula Durgesh, and Vasamsetti Subhash attended the meeting alongside Chief Secretary K. Vijayanand and senior officials from various departments.