AP SIPB okays Rs 33K-cr projects
New proposals will generate over 34K jobs energy, IT, electronics, tourism, textiles sectors
image for illustrative purpose
Amaravati: The sixth State Investment Promotion Board (SIPB) meeting on Thursday approved 19 investment proposals worth over Rs33,000 crore in Andhra Pradesh. These projects spanning sectors like energy, IT, electronics, tourism and textiles are expected to generate over 34,000 employment opportunities, boosting economic growth and industrial resurgence in the state, said Chief Minister Chandrababu Naidu in an official release.
“Officials must track all approved projects from foundation stone to completion using a real-time dashboard showing progress, investments, and employment details.”
The CM highlighted the need for developing tourism infrastructure by adding 50,000 hotel rooms, affordable accommodations near 21 busy temples across the state, and new caravan (mobile tourism with amenities) tourism policies for better visitor experience. The TDP supremo also stressed promoting circular economy practice by converting agricultural waste into industrial inputs through smaller plants and encouraging eco-friendly industries using agri-waste materials. Key investments include Rs9,000 crore by Bondada Engineering, Rs3,941 crore by Ampplus Energy, and Rs2,475 crore by Daikin India, said the chief minister in the release.
Naidu said Wingtech Mobile’s project in Tirupati with over Rs1,000 crore investment is expected to provide over 10,000 jobs.
