Massive Boost to Andhra Pradesh: ₹31,167 Cr Investments, Over 32,000 Jobs Cleared at 5th SIPB Meet*
Chief Minister N. Chandrababu Naidu pointed out that investments should not just remain on paper but must translate into ground-level execution, with industries starting production as committed. He directed officials to ensure that every approved project comes with a clear timeline for commencement of operations and that progress is tracked in phases accordingly.
At the 5th State Investment Promotion Board (SIPB) meeting held at the Secretariat here today, approvals were granted for investments worth ₹31,167 crore across 17 companies, projected to generate 32,633 jobs. The investments span sectors such as IT, Food Processing, Energy, and Industry.
Highlighting transparency, the CM instructed officials to submit a detailed report in the next SIPB meeting on how many companies have started production and how many jobs have actually materialised. A dedicated job tracking portal with company-wise employment data will soon be launched.
IT and HRD Minister Nara Lokesh proposed land allotment to IT companies at nominal prices to attract more firms, which the CM agreed to by suggesting necessary revisions to the state’s IT policy.
₹4.71 Lakh Cr Investment Approved Since Coalition Government Took Charge*
In the five SIPB meetings held under the current coalition government, approvals have been given for ₹4,71,379 crore in investments, promising employment for 4,17,188 people — matching the number of SIPB meetings held during the previous five-year government term in just 11 months.
Key Investments Approved in 5th SIPB Meet:*
1. MA Mahamaya Industries Ltd* (Vizianagaram): ₹2,063 Cr, 1,000 jobs
2. Premier Energies Ltd* (Naidupeta SEZ): ₹4,200 Cr, 1,500 jobs .
3. *LG Vendors* (Tirupati, Sri City): ₹839 Cr, 692 jobs.
4. Proterial Ltd* (Sri City): ₹1,055 Cr, 515 jobs.
5. Sneha Farms Pvt Ltd*: ₹459 Cr, 559 jobs.
6. Petra Silicon Pvt Ltd* (Sri Sathya Sai): ₹585 Cr, 477 jobs.
7. *Dixon Technologies Pvt Ltd* (Tirupati, Kadapa): Investment & jobs under processing.
8. *Avisha Foods & Fuels Pvt Ltd* (Krishna): ₹500 Cr, 500 jobs.
9. *Ramco Cements* (Nandyal): ₹478 Cr, 550 jobs.
10. *HFCL & MWML* (Sri Sathya Sai): ₹1,198 Cr, 870 jobs.
11. *Topstone Metals & Alloys Pvt Ltd* (Srikakulam): ₹32 Cr, 200 jobs.
12. *Tata Consultancy Services* (Visakhapatnam): ₹1,370 Cr, 12,000 jobs.
13. *Ursa Clusters Pvt Ltd* (Visakhapatnam): ₹5,728 Cr, 2,500 jobs.
14. *JSW Neo Energy Ltd* (Kurnool – Wind Power): ₹660 Cr, 110 jobs.
15. *ReNew Vikram Shakti Pvt Ltd* (Anantapur – Solar Power): ₹3,000 Cr, 1,860 jobs.
16. *Chinta Green Energy Pvt Ltd* (Tirupati – Solar Power): ₹2,450 Cr, 2,400 jobs.
17. *Chinta Green Energy Pvt Ltd* (Sri Sathya Sai – Solar Power): ₹7,000 Cr, 6,900 jobs.
This surge in investments and job creation continues to position Andhra Pradesh as a leading destination for industry and innovation under CM Chandrababu Naidu’s leadership
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