Amaravati (Andhra Pradesh), May 6 (TNT): The 17th meeting of the State Investment Promotion Board (SIPB), chaired by Andhra Pradesh Chief Minister N. Chandrababu Naidu, on Wednesday approved investment proposals worth ₹2,01,023 crore expected to generate 39,067 employment opportunities across the State.
Addressing the meeting held at the Secretariat, the Chief Minister directed officials to ensure that every investment proposal is grounded as per schedule and completed within stipulated timelines, from approvals to commencement of production.
He stressed that there should be zero delay in granting permissions and said Andhra Pradesh should build a strong reputation for fast and transparent clearances.
Naidu also instructed that officials with a strong commitment towards attracting investments should be assigned to key approval-related responsibilities.
Highlighting the importance of small and medium enterprises, the Chief Minister said MSMEs should receive equal importance alongside large industries as they were crucial for achieving the government’s “One Family – One Entrepreneur” objective.
Among the major projects approved by the SIPB was a ₹1,08,010 crore data centre project proposed by Reliance Industries in Visakhapatnam and another major proposal included a ₹51,300 crore solar power project with battery energy storage in Sri Sathya Sai district by Reliance.
The Board also approved a ₹12,297 crore pumped storage hydro project in Kadapa proposed by the Adani Group and a ₹2,508 crore motorcycle manufacturing unit by Royal Enfield in Tirupati.
The Chief Minister underlined the need to expand gas pipeline infrastructure in industrial zones and stressed value addition in crops such as oil palm, mango, coconut and cocoa to improve farmer incomes.
Other investment proposals discussed included the DRDO-linked Quantum Valley project in Amaravati, agro-processing units in Anantapur and Annamayya districts, and projects involving Apollo Tyres, ITC Limited and Chettinad Cement
The government said it aimed to position Andhra Pradesh as a leading investment destination through ease of doing business, time-bound approvals and strong infrastructure support.
TNT KM
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