HYDERABAD: AP chief secretary Dr K.S. Jawahar Reddy disclosed that 36 new projects / companies / industries, for which MoUs had been signed during the Global Investors’ Summit (GIS), will become operational in Andhra Pradesh by December this year.
The CS reviewed at his office progress of projects approved by State Investment Promotion Board (SIPB) during the GIS with officials of various departments. He asked industries commissioner Praveen Kumar to submit fortnightly reports on progress in implementation of these projects.
In all, 107 MoUs had been signed by various companies during the GIS, involving cumulative investment of ₹3.41 lakh crore, which would provide employment to 2.38 lakh people. Chief Minister Y.S. Jagan Mohan Reddy has already inaugurated a few of these companies.
Jawahar Reddy ordered officials to be ready for setting the foundation stones or inauguration of another 36 projects by the end of December.
In this context, he directed officials to speed up construction works at the Ramayapatnam, Machilipatnam and Mulapet (Bhavanapadu) ports, which would be useful for exports of products manufactured in the state.
At the meeting, industries commissioner Praveen Kumar made a PowerPoint presentation on various projects, including the 36, that are coming up in the state.
Collectors of Nellore, Krishna and Srikakulam districts – Harinarayana, Rajababu and Srikesh, participated in the meeting virtually.
AP Maritime Board deputy CEO Rabindranath Reddy and Ramayapatnam Port MD Pratap Reddy were among those who participated in the review meeting.
