Metro India News | AMARAVATI

The State Level Investment Promotion Board (SIPB) cleared 22 fresh proposals worth Rs.39,473 crore, positioning Andhra Pradesh for nearly 31,000 new jobs and marking the coalition government’s most aggressive single day push for private investment this fiscal year.

Chaired by Chief Minister N. Chandrababu Naidu at his camp office, the SIPB’s eighth sitting endorsed projects spanning renewable energy, heavy industry, IT, tourism, food processing and textiles. So far, SIPB have sanctioned 109 projects totalling Rs. 5.74 lakh crore investments officials say could eventually create about 5 lakh direct employment opportunities.

“Industry cannot thrive in isolation,” Naidu told the board, flanked by a phalanx of cabinet ministers and senior bureaucrats. “We must build roads, ports, airports and reliable utilities around every project so that communities see tangible benefits and investors gain confidence. People part with their land only when they see development arriving with certainty.”

Babu directed officials to fast track land acquisition and trunk infrastructure, stressing an “ecosystem approach” for tourism circuits such as Srisailam, where the government will build roads, and other facilites.