SIPB approves investments of Rs 53,922 cr of 30 projects
CM directs ministers and officials to monitor grounding of companies at field level
Create an eco system to attract industries :CM
AMARAVATI: The Tenth State Investment Promotion Board meeting led by Chief Minister N Chandrababu Naidu today approved investments to a tune of Rs 53,922 crore of 30 projects aimed to provide employment to 83,437 youth. Stating that he will monitor the progress of projects every month, asked the ministers to personally monitor the grounding and progress of projects at field level. He said officials should focus on success of speed of doing business policy being adopted in the state. He said that he is making efforts to get Mahindra Electrical Vehicle plant for Andhra Pradesh and officials should also work with same spirit.
Stating that there is vast chance for developing food processing industry in Andhra Pradesh, the Chief Minister asked the officials to initiate steps to discuss with food processing companies to set up their units in different parts of the state. He said the development of horticulture in both Chittoor and Rayalaseema and mango processing companies in Chittoor district are benefiting farmers in a big way.
The Chief Minister stressed the need for developing an eco system to develop MSME parks as business centres. He said MSME parks should be developed in all the assembly constituencies. He suggested linking of MSMEs to Ratan Tata Innovation Hubs to improve quality of products. He said highest priority should be given for attracting investments and industries in the state including in Information Technology, Tourism, Food processing, Mining and other sectors.
The Chief Minister said that the previous government acted in such a way to damage the sanctity of Tirumala by allotting a site to an hotel by the side of Tirumala hills and immediate after coming to power the NDA government showed an alternate site to protect the sentiments of devotees. Now the YCP leaders resorting to false campaign on this issue.
Some of the important investments approved in SIPB meeting today include HFCL Rs 1197 cr at Madakasira to provide employment to 870 people, Appolo tyres Rs 1110 cr in Chittoor district to provide employment to 500 people, Dheerubhai Ambani Green Tech park in Krishnapatnam Rs 1843 cr to provide employment to 19000 people, Serentika Renewables of India Rs 2000 Cr in Anantapur to provide employment to 320 people.
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