SIPB clears investment proposals worth Rs 20K cr

Amaravati: The State Investment Promotion Board (SIPB) on Thursday approved proposals made for investment by 26 companies envisaging an investment of Rs20,444 crore and reviewed the implementation of MoUs signed at the recently held 30th edition of CII Partnership Summit in Visakhapatnam. Held at the Secretariat at Velagapudi under the chairmanship of Chief Minister N Chandrababu Naidu, a decision was taken to ground the MoUs with an investment of Rs13.25 lakh crore signed at the summit before the next meeting of World Economic Forum in Davos.