Running an industrial shoot, two large projects, of ₹6,50,00 and ₹30,000 crores respectively, by the 12th State Investment Promotion Board, fresh investments of ₹1,01,899 crores were approved across 26 major industrial projects. The approvals, during a meeting chaired by Chief Minister N. Chandrababu Naidu, are expected to offer employment to 85,870 persons across the State.
The Zoomers for the go-ahead have attracted so far in Andhra Pradesh a whopping ₹8,08,899 crore worth of investments and employ over 7 lakh people.
Focus on Industrial Clusters and Central Incentives
During the meeting, Naidu directed officials to ensure that all approved projects were grounded as per schedule and emphasized the setting up of 15 industrial zones to promote cluster-based development. He also exhorted the officials to fully leverage Central Government incentives in the interest of accelerated industrial growth.
On land issues, Naidu staged a strong argument for the creation of a large land bank; public participation was encouraged, saying that individuals willing to donate land should be helped in pushing rapid industrialization.
Setting Up Key Cities and Economic Corridors
The Chief Minister reiterated his vision of transforming Visakhapatnam into a mega city along with the adjoining areas of Vizianagaram and Anakapalli and strengthening Amaravati and Tirupati into centers for tourism and IT.
With Google and some other big tech establishments setting up and announcing AI data centers in Visakhapatnam, Naidu stressed the building of supporting infrastructure to lure more IT companies to the region.
Further, Naidu announced the appointment of three IAS officers to oversee the development of three important economic corridors in Andhra Pradesh.
CII Partnership Summit at Visakhapatnam
The Chief Minister also checked on how well the preparations were going for the CII Partnership Summit scheduled to be in Visakhapatnam on the 14th-15th of November, drawing sizeable domestic-foreign investment interest. He directed to speed up work for at least some industrial projects to have their foundation set before the event.
The meeting was attended by ministers Nara Lokesh, K. Atchannaidu, T. G. Bharat, P. Narayana, Gottipati Ravikumar, Anagani Satyaprasad, B. C. Janardhana Reddy, Vasamsetti Subhas, and other senior officials, including Chief Secretary K. Vijayanand.
