15th SIPB approves 27 projects with an investments of Rs 29,021 crore
Amaravati:The 15th State Investment Promotion Board (SIPB) meeting held under the chairmanship of Chief Minister N Chandrababu Naidu today approved 27 projects with an investment of Rs 29,021 crore. The Chief Minister made it clear that the Speed of Doing Business policy should be the guiding principle in all matters related to industrial projects. He emphasized that mega projects by reputed companies such as Google, ArcelorMittal and BPCL are in the pipeline and instructed officials to ensure there are no hurdles from the government side. A ministers’ committee should monitor the allotment of land to companies and cancel approvals if any company fail to start works.
The CM instructed officials to invite NRIs to invest on a large scale in the state. He said the government is ready to offer special incentives to attract more semiconductor projects and suggested examining additional incentives for projects set up on privately owned land.
The Chief Minister said tourism should be developed across three regions—Visakhapatnam, Amaravati, and Tirupati. He proposed forming clusters such as Suryalanka, Polavaram, Pulicat, Gandikota, Srisailam, Madanapalle and Horsley Hills and preparing dedicated development plans. Establishing shopping malls, hotels, and similar facilities in these clusters would attract more tourists, he said.
He stated that Bharat Mandapam is coming up in Visakhapatnam and should be developed as an iconic structure and the best convention center in the country. He also called for establishing Shilparamams in every district. More hotels and convention centers are needed across the state, including regions like Kakinada and Eluru, with a target of 50,000 hotel rooms. He said the state should also host national-level mega events.
The Chief Minister envisioned the establishment of ecosystems such as Sports City and Creative City and stressed the need to significantly boost health tourism. He suggested setting up a culinary institute in Tirupati to promote the food sector in Andhra Pradesh and encouraging hospitality-related deemed universities. He called for revolutionary changes in food processing.
He noted that value addition in aquaculture would help revive exports to the United States and also boost dairy, poultry, livestock, and meat exports. He suggested developing Tirupati as a wedding destination.9He directed that details of jobs already provided to youth be linked to the Skill Portal and updated in real time, including information on available jobs. He also instructed officials to introduce a warehousing policy soon and to prepare an action plan for setting up large-scale EV charging stations in Visakhapatnam, Vijayawada, and Tirupati.
So far, 15 SIPB meetings have approved investments worth Rs 9,03,726 crore, which are expected to generate employment for 8,58,082 people.
Ministers Nara Lokesh, Anagani Satyaprasad, TG Bharat, P. Narayana, K. Atchannaidu, Gottipati Ravi Kumar, BC Janardhan Reddy, K Durgesh, Vasansetti Subhash, Chief Secretary K. Vijayanand and senior officials were present.
Leave Comments