SIPB Approves Investments Of Rs 53,922cr For 30 Projects
Create ecosystem to attract industries: CM
Vijayawada:The Tenth State Investment Promotion Board meeting here on Thursday approved investments of Rs 53,922 crore for 30 projects that would also aim at providing employment to 83,437 youths.
The meeting was led by chief minister Chandrababu Naidu, who said he would monitor the progress of projects every month. Ministers would monitor the progress at the field level.
Naidu said officials should focus on the success of the ‘speed of doing business’ policy. He is making efforts to get the Mahindra Electric Vehicle plant for AP.
Stating that there existed a vast chance for developing the food processing industry in Andhra Pradesh, Naidu advised officials to prompt food processing companies to set up their units in the state.
He said the development of horticulture in both Chittoor and Rayalaseema and mango processing companies in Chittoor district were benefiting farmers in a big way.
Naidu stressed the need for developing an ecosystem to develop MSME parks as business centres. MSME parks should be developed in all the assembly constituencies. “Let us link MSMEs to Ratan Tata Innovation Hubs, so as to improve the quality of products,” he said.
He said the highest priority should be given for attracting investments and industries in the state, including in Information Technology, tourism, food processing, mining etc.
The CM said the previous government sought to hurt the sanctity of Tirumala by allotting a site for a hotel by the side of Tirumala hills. “Immediately after coming to power, the present government recommended an alternate site for this and protected the sentiments of devotees. Now the YSRC leaders are resorting to false campaigning on this issue.”
Some of the important investments approved in the SIPB meeting today included: HFCL that would invest `1197 crore in Madakasira, that could provide employment to 870 people; Apollo tyres, `1110cr in Chittoor district, to provide employment to 500 people; the Dhirubhai Ambani Green Tech park in Krishnapatnam, `1843 crore, to provide employment to 19000 people; and the Serentika Renewables of India, `2000 crore in Anantapur, to provide employment to 320 people.
Ministers Payyavula Kesav, Gottipati Ravikumar, TG Bharat, Anagani Satyaprasad, Vasamsetti Subhas and chief secretary K Vijayanand were present.
