Vijayawada: Chief Minister N. Chandrababu Naidu made it clear on Thursday that the state would receive Rs 311,67 crore in investment from 17 companies.
Naidu presided over the fifth State Investment Promotion Board (SIPB) meeting and told officials that it is also important for these industries to start production on time.
“When a project is approved, it is necessary to obtain the entrepreneur’s details on the day of production start. The progress of such projects should be closely monitored.”
“The SIPB meeting approved investments from 17 organizations in areas such as industry and commerce, food processing, IT and energy to create 32,633 jobs. Officials must provide detailed information at the next SIPB meeting on how many companies were up to then and how much jobs were created,” he said.
CM requires officials to create a portal and provide details about how much work the organization provides and who it provides.
The IT Minister Nara Lokesh, who attended the meeting, appealed to the applicant department at the nominal price to CM, which would help attract more IT companies to the state. Naidu said that for this purpose, IT policies will be revised.
Since last June, 57 organizations have been approved by all five SIPB meetings, totaling Rs 471,379 crore, which will create 4,17,188 jobs. The former government held only five SIPB meetings in five years.
The details of the investment approved on Thursday are Ma Mahamaaya Industries Ltd in Vizianagaram district, which ranges from Rs 206.3 crore to generate 1,000 jobs; Premier Energies Ltd in Naidupet MP SEZ, which invests Rs 42,000 crore, providing 1,500 jobs; LG suppliers in SRI City, Tirupati district made an investment of Rs 839 crore to provide jobs to 692 people, among others 14 other companies received consent at a SIPB meeting on Thursday.
