Investment: SIPB Approves 25 Projects Worth Rs 2.08 Lakh Crore in AP

Vijayawada:The 20th meeting of the state investment promotion board chaired by Chief Minister N. Chandrababu Naidu here on Wednesday approved proposals for 25 projects worth Rs 2,08,406 crore in sectors like industries, energy, IT, electronics and food processing.

These projects have a potential to generate 21,627 jobs, it is officially stated.

The Chief Minister directed officials to assess the extent of incentives that could be provided to promote industrial units, and to initiate steps to remit industrial incentives into escrow accounts from December. He also called for steps to promote setting up of industrial units in rural areas.

In the 20 SIPB meetings held so far, approvals have been given for 363 proposals to set up industrial units at an estimated investment of Rs 13.78 lakh crore, with a potential to create 10.86 lakh jobs in the state.

Naidu called for a study on the sectors wherein industrial units could be promoted and directed officials to focus on sectors such as green ammonia, lithium batteries and robotics. Officials, he said, must create awareness among people about industrial projects and counter misinformation on social media regarding possible environmental pollution from some projects.

Referring to the proposed data centres in north Andhra, he said 3.5tmc-ft of water could suffice for them.

Naidu said Godavari water could be taken by gravity through the Polavaram left main canal to meet the industrial requirements in Visakhapatnam. He asked officials to assess how upcoming industrial units would contribute to developing an industrial ecosystem in the state.

He called for special efforts to construct hotels to attract tourists and promote the hospitality sector in Andhra Pradesh.

The Chief Minister directed officials to develop 175 MSME parks and make them accessible by September, with one park in each Assembly constituency, and ensure the setting up of industrial estates.

He said several defence sector projects coming up in the state were a matter of pride for the nation and called for the start of defence projects near Puttaparthi and aerospace projects near Hindupur. He also stressed the need to complete construction of the Mulapeta port so that it could be inaugurated in December.

Naidu directed officials to link logistics, modern warehousing and cold chain projects and improve road, rail and port connectivity to facilitate the transport of horticultural produce from Rayalaseema to international markets. He also pleaded for promoting the ‘One Family-One Entrepreneur’ programme in the state.

The 25 projects approved at the meeting are:

O’Care Green Fuels — `616 crore, Kurnool district

Jackson Green Renewable — `1,533 crore, Kurnool district

FPEL Power — `480 crore, Vizianagaram district

Waree Clean Energy Solutions — `15,000 crore, Kakinada district

Aaradhya Biogas — `143.47 crore, Kurnool district

 Ushodaya Biogas — `143.47 crore, Nellore district

 Data Center Holdings India — `58,743 crore, Visakhapatnam district

 Munoth Lithium Battery Ltd — `500 crore, Tirupati district

AIL Dixon India Ltd — `450 crore, Kadapa district.

ReNew AP Green Data Center — `85,200 crore, Anakapalli district

 AM Intelligence Labs Ltd — `31,387 crore, Visakhapatnam district

 CRR Hospitality LLP — `192.02 crore, Tirupati district

 RK2 Infrastructure — `150 crore, Tirupati district

Sunrise Hotels India Ltd — `54 crore, Kakinada district

 JSP Hotels and Resorts LLP — Rs 63.79 crore, Krishna district

 Pavuluri Hotels — `58.74 crore, Tirupati district

Agastya Green Energy Ltd — `7,799 crore, Kurnool district

Akshay Green Tech Ltd — `1,600 crore, Visakhapatnam district

 Coromandel International — `2,125 crore, Srikakulam district

 Hindalco Industries Ltd — `880 crore, Chittoor district

Estrella Logistics — `90 crore, Visakhapatnam district

Gane Sai Mounisha Steel Wires — `66 crore, Vizianagaram district

VPR Mining Infrastructure — `500 crore, Nellore district

Jayaditya Agro Ltd — `300 crore, Kurnool district.

 Prisoul Agro Industries — `330 crore, Nellore district