In the 13th State Investment Promotion Board (SIPB) meeting, chaired by Chief Minister N Chandrababu Naidu, investment proposals worth Rs 20,444 crore were approved, aimed at generating employment for 56,278 people.

So far, the SIPB has reviewed investment proposals totalling Rs 8.29 lakh crore, which have the potential to create 7.62 lakh work opportunities. Six companies that signed agreements at the CII Partnership Summit in Visakhapatnam received approval. The CM highlighted that over 50 percent of the MoUs signed during the summit have advanced to the approval stage, and he urged officials to ensure that foundation stones for these projects are laid within 45 days.

CM Naidu also stressed that Andhra Pradesh’s efficient business environment, with clear support in water, electricity, and land, is attracting leading companies. “We have rebuilt AP’s image, which is why the recent summit received such a tremendous response,” he said.