AP: SIPB Meet Approves Rs 39,473 Cr Investments, Potential to Create 30,899 Jobs
Chief minister Chandrababu Naidu, who presided over the meeting, stated, “So far under the present government, eight SIPB meetings have approved a total of 109 projects amounting to `5,74,238 crore in investments, with job creation potential for nearly 5.05 lakh individuals.”
By : MD Ilyas
Update: 2025-07-18 07:38 GMT
Vijayawada: The eighth State Investment Promotion Board meeting here on Thursday approved 22 new industrial projects with a cumulative investment of `39,473 crore. These are expected to generate employment for 30,899 people across the state.
The meeting was attended by Ministers Nara Lokesh, K. Atchannaidu, Payyavula Keshav, T.G. Bharat, Anagani Satyaprasad, Gottipati Ravikumar, Kandula Durgesh, and Vasamsetti Subhash. Chief Secretary K. Vijayanand and senior officials from various departments were also present at the SIPB meeting.
Chief minister Chandrababu Naidu, who presided over the meeting, stated, “So far under the present government, eight SIPB meetings have approved a total of 109 projects amounting to `5,74,238 crore in investments, with job creation potential for nearly 5.05 lakh individuals.”
In today's meeting, approvals were granted to projects across key sectors including industries and commerce (11 projects), energy (7), tourism (3), IT (1) and food processing (1). Naidu stressed the importance of building ecosystems around industrial projects to benefit both ancillary industries and local communities.
The CM advised officials to ensure the integration of industrial projects with infrastructure such as roads, ports and airports to promote regional economic activity. He also said land allocations should translate into tangible benefits for farmers and locals. Projects, he said, must be completed within the stipulated timeline. Integrated planning should be adopted for tourism-related ventures as well.
Naidu called for expansion of the hospitality and service sectors beyond basic infrastructure and proposed the development of an employment portal to transparently track job generation in both government and private sectors. Naidu reiterated the state’s commitment to driving economic growth through strategic investments and inclusive industrial development.
Chandrababu Naidu has called for the expansion of the hospitality and service sectors beyond basic infrastructure and instructed officials to develop an employment portal to transparently track job creation in both government and private sectors.
The Chief Minister directed officials to ensure the development of robust infrastructure—such as roads, ports, airports, and utilities—around all upcoming industrial projects in the state. He emphasized that such development is crucial to stimulate economic activity and win the confidence of local communities and farmers.
“People will part with land only when they are convinced of tangible benefits,” he noted, stressing the importance of companies adhering to project timelines.
He placed special emphasis on integrated tourism planning and urged officials to adopt a broader ecosystem-based approach—expanding activities beyond core attractions to drive service sector investments. For tourism initiatives under the Public-Private Partnership (PPP) model, he ordered the fast-tracking of government land acquisition and preparation.
Highlighting Srisailam's potential—owing to its spiritual and water-based attractions—Naidu called for a comprehensive tourism development plan and directed officials to expedite road connectivity to the region to support increased tourist traffic.
In the hospitality sector, he advised focusing not just on hotel accommodations but also on recreational and service-linked projects that can generate employment and attract private investment.
To ensure transparency and accountability in job creation, the Chief Minister reiterated the need for a dedicated employment portal to track and report job opportunities generated across both public and private sectors.