13th SIPB Meet Approves Rs. 20,444 Crore Investments with potential for 56,000+ Jobs

CM Directs All MoUs to Be Grounded Within 45 Days

Speed Of Doing Business In Action: Over Half of Partnership Summit MoUs Enter Approval Stage

13th SIPB Meet Approves Rs. 20,444 Crore Investments with potential for 56,000+ Jobs

AP Restores Investor Confidence; Speed of Doing Business Draws Leading Companies

Chief Minister Chandrababu Chairs the 13th SIPB meeting

Amaravati, December 4: Chief Minister Nara Chandrababu Naidu noted that more than 50 percent of the MoUs signed at the recent CII Partnership Summit are already moving into the approval stage, and directed officials to ensure that foundation stones for these projects are laid within 45 days.
The 13th State Level Investment Board (SIPB) meeting was held at the Secretariat on Thursday, chaired by the Chief Minister. The SIPB approved investments worth Rs. 20,444 crore, with a potential for more than 56,000 jobs. Six companies that signed agreements at the Visakhapatnam investment summit also received approvals. The Chief Minister reviewed all agreements signed at the summit.

He stated that leading companies are choosing AP because of the government’s speed of doing business. “We are providing water, electricity, land, and all necessary support. Transparency is bringing new projects to the state. Earlier disruptions damaged investor confidence, even with countries like Singapore. We have rebuilt AP’s image, which is why the recent summit received such a strong response,” he said.

SoDB : Summit To Implementation in 20 Days
The Chief Minister noted that within just 20 days of the Visakhapatnam Partnership Conference, agreements worth Rs. 7.69 lakh crore have already moved into implementation. Districts have been identified and land allocation has begun. He instructed officials to register the remaining MoUs quickly and ensure all projects are grounded within 45 days.

He added, “We must lay the foundation stones for 75 MSME parks before the the upcoming World Economic Forum Sumit in Davos. The CS should review MoU grounding every week. I will review SIPB decisions and MoUs personally. District collectors must also monitor progress. Prepare a policy for grounding industries and place it before the Cabinet. A monitoring mechanism should include the Chief Minister, Cabinet Sub-Committee, CS, ministers, and senior officials. Land acquisition must be smooth, and both those giving land and those receiving it should be satisfied.”

Enhancing Skills and Building a Knowledge Economy
The Chief Minister said all approved industries must be set up within the planned timelines and officials must monitor them regularly. He emphasised that AP is moving toward a knowledge-based economy and that government departments must strengthen their use of technology. He added that a highly skilled workforce is essential to drive innovation, and the youth must be trained to meet future needs.

He further directed the establishment of a Logistics University, Civil Aviation University, and Green Energy University. An advisory body for Quantum Valley will handle mentoring, monitoring, and venture capital, while the Ratan Tata Innovation Hub will mentor startups. He also proposed the six towers of Quantum Valley be strategically allocated, with two dedicated to quantum algorithms, two to artificial intelligence, and the remaining two to other emerging technologies, ensuring a balanced focus on innovation and research. He further instructed that AI basics be taught from class 7 onward, with a team formed in collaboration with Microsoft and Google.

The Chief Minister emphasized the creation of holistic ecosystems for industries and emerging technologies to thrive within the state, with a focus on end-to-end solutions. He highlighted that technologies and their use cases must reach every household, ensuring that innovation translates into tangible benefits for citizens across Andhra Pradesh.

The Chief Minister also highlighted the need to promote tourism. He directed officials to attract national and international organisations to the hospitality sector. Fifty acres have been allocated in Visakhapatnam’s Kapuluppada for hotels and convention centres, and a master plan will be prepared. Incentives should be tailored to project size, and the incentive disbursal system should use an escrow mechanism.

Establishing a Sovereign Fund and Strengthening Livestock & Horticulture Sectors
The Chief Minister said public sector companies must invest across sectors, similar to sovereign funds in the UAE and Dubai. He directed the creation of a Rs. 500 crore sovereign fund for Andhra Pradesh and called for flexible policies to support early bird incentives.

He stated that the livestock sector should reach Rs. 8 lakh crore and guidelines will be framed to support this. He suggested that Dwakra associations can produce cattle fodder, which could be supported through NREGA. Nine districts will be developed as horticulture hubs. The Center is allocating Rs. 40 thousand crores under the Purvodaya scheme, and AP must attract investments accordingly. Rail, road, air, and water connectivity should be improved to boost horticulture exports.

“Permissions Only After Examination”: Minister Nara Lokesh
Speaking at the SIPB meeting, Minister Nara Lokesh said permissions should be granted only after thorough examination of each investing company, while ensuring no obstacles in setting up industries. He stressed strict implementation of the Speed of Doing Business policy so that approvals are issued quickly without wasting time for either the government or companies.

Ministers TG Bharat, P. Narayana, Kandula Durgesh, Gottipati Ravikumar, and Angani Satya Prasad were present. Ministers BC Janardhan Reddy, Payyavula Keshav, and Atchannaidu attended virtually. Senior officials, including CS Vijayanand, also participated.

Companies Approved by SIPB
A total of Rs. 8.29 lakh crore investments have been received through 13 SIPB meetings so far, generating a potential for over 7.62 lakh jobs. The companies approved in the 13th SIPB meeting include:
* Chinta GreenEnergy Limited – Rs. 8500 crores – 5800 jobs
* Ganeco Three Energy – Rs. 2140 crores – 1000 jobs
* Shreshtha Renewables – Rs. 70 crores – 339 jobs
* QpiAI Labs Pvt Ltd – Rs. 47 crores – 9 jobs
* Qubitech Smart Solutions – Rs. 15 crores – 30 jobs
* QClairvoyance Quantum Labs Pvt. Ltd. – Rs. 14 crores – 5–12 jobs
* Cybranex – Rs. 10 crores – 10–15 jobs
* Qubeats – Rs. 37 crores – 40 jobs
* Centella AI – Rs. 6 crores – 40 jobs
* Fortytwo42 Technology Innovations – Rs. 9 crores – 5–8 jobs
* Cipsa Tech India – Rs. 1140 crores – 1251 jobs
* Shree Tammina Software Solutions – Rs. 62 crores – 500 jobs
* ACN Healthcare RCM – Rs. 30 crores – 600 jobs
* Nonrel Technologies – Rs. 50.67 crores – 567 jobs
* PVR Hospitalities – Rs. 225 crores – 1230 jobs
* Meglon Leisures – Rs. 348 crores – 1700 jobs
* Yaganti Estates – Rs. 61 crores – 250 jobs