The Andhra Pradesh State Investment Promotion Board (SIPB) has approved 27 new industrial projects with a total investment of ₹29,021 crore. The decision was taken at a meeting chaired by Chief Minister N. Chandrababu Naidu in Vijayawada.
Speaking at the meeting, Mr. Naidu said that the “Speed of Doing Business” policy should guide all matters related to industrial projects. He stressed that clearances and approvals must be given quickly to attract more investors to the State. He also asked officials to avoid delays and work in a coordinated manner.
The approved projects are expected to create a large number of jobs and boost economic growth. The Chief Minister said that industries play a key role in the development of Andhra Pradesh and improving the living standards of people.
He assured investors that the government is committed to providing full support and creating a business-friendly environment across the State.
