AP Attracts Rs.20 Lakh Crore Investments in 2 Years
Mega projects such as the Google AI Data Centre in Visakhapatnam, Quantum Valley in Amaravati and upcoming electronics hubs are progressing rapidly and are expected to generate employment beyond the original target, Bharat said.
Vijayawada: Andhra Pradesh has attracted investments worth Rs.20 lakh crore within the first two years of the alliance government, according to industries minister T.G. Bharat.
Addressing the media here, Bharat said the state Investment Promotion Board (SIPB) had cleared projects worth Rs.7.66 lakh crore, “many of which are now moving towards grounding.” The government, he said, has replaced the “anti-industry” environment under the previous government’s term, with transparent and investor-friendly policies. This led to a growing confidence among domestic and global investors.
Reiterating the government’s promise to create 20 lakh jobs over five years, the minister said a dedicated cabinet sub-committee was monitoring employment generation. Job data from new industries is being linked with Aadhaar for accurate tracking.
Mega projects such as the Google AI Data Centre in Visakhapatnam, Quantum Valley in Amaravati and upcoming electronics hubs are progressing rapidly and are expected to generate employment beyond the original target, he said.
The minister highlighted reforms in industrial land allocation, stating that “APIIC can now approve allotments of up to 50 acres, eliminating delays.” He warned that industries failing to utilise allotted land would face action, noting that around 900 notices had already been issued.
Bharat announced plans to establish MSME parks in all 175 assembly constituencies and said new policies for toys manufacturing, furniture manufacturing and industrial housing would be unveiled soon.
In food processing, the state is targeting Rs.30,000 crore in investments and has achieved nearly 50 per cent of the goal. He also highlighted AP’s leadership in cocoa production, Operation Greens projects, and top national ranking in implementing the Micro Food Processing Scheme.
The minister said Andhra Pradesh’s global profile had risen through sustained outreach at international forums, with over 40 per cent of announced investments already entering the grounding stage.
He also announced a Global Partnership Summit in November to attract further investments and strengthen the state’s position as a major industrial and food-processing hub.