SIPB approves 11 projects with Rs 9,076 crore onvestments to generate 10,531 jobs
Chief Minister N Chandrababu Naidu stresses on attracting investments to strengthen rural economy and calls for leveraging growing demand of ethanol
Amaravati: Chief Minister N Chandrababu Naidu directed the officials to promote industrialisation to provide additional income opportunities for farming families and enables them to emerge as entrepreneurs. He emphasised on attracting investments to strengthen rural economy and called for leveraging the growing demand for ethanol.
The Chief Minister said increasing ethanol blending to 40 percent would provide significant additional income to maize farmers. He instructed officials to actively encourage investments in the ethanol manufacturing sector, noting that ethanol demand would increase substantially for blending with petrol and diesel.
He also directed officials to formulate a comprehensive policy covering ethanol, methane and aviation fuel.Reiterating that wealth creation and a circular economy are key pillars of the government's development strategy, the Chief Minister stressed the need to promote food processing industries on a large scale.
The 19th State Investment Promotion Board (SIPB) meeting headed by Chief Minister at Secretariat on Tuesday, approved investments worth Rs 9,076.11 crore across 11 projects expected to generate 10,531 employment opportunities in the State.
Highlighting the immense potential of tourism sector, the Chief Minister proposed the establishment of 100 Experience Centres at major tourist destinations across the State, including Thimmamma Marrimanu.
He said tourist destinations such as Polavaram, Dindi, Gandikota, Kambham Cheruvu and Lambasingi should be developed into world-class attractions. He informed the meeting that the Jindal Group has expressed interest in establishing a resort near Lambasingi and Araku.
The Chief Minister also called for the promotion of Andhra Pradesh's traditional handicrafts and cultural heritage, including Etikoppaka, Kondapalli, Dharmavaram, Mangalagiri, Uppada and Ponduru.
He instructed officials to expedite preparation of the Suryalanka Master Plan and develop projects such as Kangundi Fort in Kuppam and an Elephant Safari in Chittoor district.
The Chief Minister also noted the significant expansion of hotel infrastructure in the State. While Andhra Pradesh had 4,390 hotel rooms in 2024, approvals have been granted over the past two years for the construction of 9,364 additional hotel rooms, increasing total capacity to 13,753 rooms. He congratulated officials for their efforts in facilitating these investments.
With renewable energy witnessing rapid growth, the Chief Minister directed officials to attract investments in solar cell manufacturing and position Andhra Pradesh as a national leader in the sector.He instructed officials to expedite the establishment of the remaining 38 MSME Parks and integrate them with railway terminals to improve logistics.
He also called for the development of a Logistics University and Skill Development Centres to enhance employment opportunities for youth.The Chief Minister directed that all new industries in the State should be encouraged to use green energy. He also instructed officials to expedite the grounding of the BPCL and AMCA projects through continuous engagement.
Projects Approved in the 19th SIPB Meeting include DSR Hospitality Services ' 4-star hotel in Nellore district with an Investment of Rs 139.92 crore. Madhavi Leisure & Stays Pvt. Ltd. ' 3-star hotel in YSR Kadapa district with an Investment of Rs 52.10 crore.Srinivasam Amusement Pvt. Ltd. ' Integrated amusement park in YSR Kadapa district- Investment Rs 68.69 crore.Vajra Hospitality LLP ' Hotel, banquet and exhibition centre in Vijayawada -Investment of 62.40 crore. Nexus Integrated Logistics Park (NILP) ' Integrated logistics park at Chinna Ettipaka, Satyavedu Mandal, Tirupati district with Investment Rs 255 crore. Akshat Greentech Pvt. Ltd. ' Solar cell and module manufacturing unit at Parawada, Anakapalli district with Investment of Rs 1,600 crore.Berry Alloys Ltd. ' Integrated manganese sinter, DRI and carbon paste plant at Bobbili Growth Centre. Investment Rs 1,200 crore. Geo Mysore India Pvt. Ltd. ' Swarnagiri Gold Mining Project at Tuggali Mandal, Kurnool district with Investment of Rs 689 crore. Eco Box Industrials Asset IV Pvt. Ltd. (Google Warehouse Partners) ' Logistics and light industrial park in Visakhapatnam -Investment: Rs 1,008 crore.Adani Foundation ' Project at Kapuluppada, Visakhapatnam district. Investment: Rs 2,200 crore.Mondelez India Foods Pvt. Ltd. ' Food processing unit at Sri City, Tirupati district. Investment of Rs 1,801 crore.
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