The 14th SIPB meeting approved various investments in the industries, tourism, food processing, and energy sectors in Andhra Pradesh. The entire government machinery must work together to achieve the target this year as well.
— CM Chandrababu at the 14th SIPB meeting
BY RAJA PENTAPATI
AP BUREAU CHIEF
NATIONAL NEWSAmaravati, January 6 (Bharat News) AP
Chief Minister Nara Chandrababu Naidu directed the ministers and officials that better results in investments were achieved last year due to teamwork, and they should work with the same enthusiasm this year as well.
The 14th State Investment Promotion Board (SIPB) meeting was held on Tuesday at the State Secretariat under the chairmanship of CM Chandrababu. On this occasion, the State Level Investment Promotion Board approved various projects. The 14th SIPB meeting approved various investments in the industries, tourism, food processing, and energy sectors. A total of Rs. 19,391 crore worth of investments from 14 companies were approved at the 14th SIPB meeting. These will provide employment opportunities to 11,753 people.
With this, investments worth Rs. 8,74,705 crore have been approved so far, creating employment opportunities for 8,35,675 people.
The state has regained its brand image, which was lost during the previous government’s rule, and has attracted large-scale investments. Major industries are investing in Andhra Pradesh. Prominent companies like Google, Tata, Jindal, Birla, Adani, Reliance, TCS, and Cognizant have invested in Andhra Pradesh. “Ministers and officials must take responsibility to ensure that there is no room for even the slightest mistake,” said CM Chandrababu.
“We have performed exceptionally well in the power sector. We have reduced electricity charges by 13 paise. We have decided that the government itself will bear the burden of Rs. 4500 crore in true-up charges, instead of passing it on to the people. We are also formulating plans to reduce the cost of power purchases.
We have set a target to reduce the power purchase price to Rs. 3.70 by 2029. It is because of our efforts in the power sector that data centers have come to the state. Along with the power sector, investments have increased significantly in various other sectors as well.
Suryalanka is a very safe beach area. Prepare a master plan for beach tourism. Similarly, the small islands near Sullurpet can also be developed under beach tourism,” the Chief Minister said.
“The APTDC (Andhra Pradesh Tourism Development Corporation) needs to improve its rating. Plans should be prepared to ensure that the Tourism Corporation generates an income of Rs. 1000 crore in the next 15 years.
Thimmamma Marrimanu is the largest banyan tree. Do Google mapping for it. This tree has a history of 2000 years. Organize the Avakaya Festival, Flamingo Festival, Gandikota Utsavams, Visakha Araku Utsav, Sea to Sky, and AP Travel Mart grandly,” he added.
“More food processing units need to come to the Tirupati region. Only then will farmers benefit. The employment portal should also be made available soon. At least 5000 acres are needed for the Space City.” Acres of land will be required.
Following the SIPB meeting, Chief Minister Chandrababu Naidu launched the AP IT Infra Portal. Ministers Nara Lokesh, Atchannaidu, Payyavula Keshav, Gottipati Ravi, Anagani Satyaprasad, Narayana, TG Bharat, Kandula Durgesh, BC Janardhan Reddy, Vasamsetti Subhash, and Chief Secretary Vijayanand, along with senior officials from various departments, attended the 14th SIPB meeting.
Bharat News Andhra Pradesh
