From Our Correspondent
Amaravati: Chief Minister N. Chandrababu Naidu directed officials to ensure that all approved industrial proposals move swiftly from paper to implementation. Chairing the 12th meeting of the State Investment Promotion Board (SIPB) at the Secretariat on Friday, Naidu emphasised the need to make land and power readily available for industries planning to invest in Andhra Pradesh.
The SIPB cleared 26 industrial proposals worth ₹1,01,899 crore, expected to generate 85,870 jobs across the state. Since the coalition government took office, 12 SIPB meetings over the past 16 months have approved projects amounting to ₹8,08,899 crore in investments and 7,05,870 employment opportunities.
The Chief Minister instructed departments to ensure early groundbreaking ceremonies for projects recently approved by the board. He announced that ministers — including Deputy Chief Minister Pawan Kalyan, IT Minister Nara Lokesh, and others — will lay foundation stones in their respective districts.
Naidu also reviewed preparations for the Global Investment Summit to be held in Visakhapatnam on November 14 and 15, and urged officials to conduct it on a grand scale. He informed the meeting that during his recent overseas tour, he had invited several global firms to attend the summit and invest in Andhra Pradesh. Officials told him that a significant volume of investments is likely to flow in during the event.
Key Approvals at 12th SIPB Meeting:
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Reliance Consumer Products Ltd – ₹202 cr – 436 jobs
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Epitome Components Pvt Ltd – ₹700 cr – 1,000 jobs
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NPSPL Advanced Materials Pvt Ltd – ₹2,081 cr – 600 jobs
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Crayon Technology Ltd – ₹1,154 cr – 1,500 jobs
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SCIC Ventures LLP – ₹550 cr – 1,130 jobs
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IndicChip Semiconductors Ltd – ₹22,976 cr – 1,241 jobs
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FluentGrid Ltd – ₹150 cr – 2,000 jobs
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Motherson Technology Services Ltd – ₹110 cr – 700 jobs
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Quarks Technosoft Pvt Ltd – ₹115 cr – 2,000 jobs
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K. Raheja Corp Real Estate Pvt Ltd – ₹2,172 cr – 9,681 jobs
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Visakha Realty Pvt Ltd – ₹2,200 cr – 30,000 jobs
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iSpace Software Solutions Pvt Ltd – ₹119 cr – 2,000 jobs
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SAEL Solar P12 Pvt Ltd – ₹1,728 cr – 860 jobs
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Navayuga Engineering Co. Ltd – ₹7,972 cr – 2,700 jobs
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Myra Bay View Resorts – ₹157 cr – 980 jobs
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Viswanath Sports & Conventions Pvt Ltd – ₹51 cr – 750 jobs
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Sugna Sponge & Power Pvt Ltd – ₹1,247 cr – 1,100 jobs
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Super Smelters Ltd – ₹8,570 cr – 1,000 jobs
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Waltston Lats Pvt Ltd – ₹1,682 cr – 415 jobs
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AMG Metals & Materials Ltd – ₹44,000 cr – 3,000 jobs
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Vasang Enterprises – ₹898 cr – 17,645 jobs
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Birlanu Ltd – ₹240 cr – 588 jobs
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Sigachi Industries Ltd – ₹1,090 cr – 1,250 jobs
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Bharat Dynamics Ltd – ₹489 cr – 500 jobs
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Dazco Pvt Ltd – ₹1,234 cr – 1,454 jobs
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Sriveda Innovation Park Pvt Ltd – ₹12 cr – 1,500 jobs
Ministers Nara Lokesh, K. Atchannaidu, T.G. Bharat, P. Narayana, Gottipati Ravi Kumar, Anagani Satya Prasad, and senior officials including Chief Secretary Neerabh Kumar Prasad attended the meeting.