₹6,000 cr. renewable energy project among ₹30,515 cr. proposals cleared by SIPB
The State Investment Promotion Board (SIPB) has cleared investment proposals worth ₹30,515 crore from 50 companies across diverse sectors, which are expected to generate an
The State Investment Promotion Board (SIPB) has cleared investment proposals worth ₹30,515 crore from 50 companies across diverse sectors, which are expected to generate an estimated 29,677 jobs in Andhra Pradesh. Among the major projects approved by the SIPB were a ₹6,000 crore renewable energy investment by NTPC Renewable Energy in Anantapur district, a ₹3,936 crore solar manufacturing project by Premier Energies in Tirupati district, a ₹2,788 crore data centre project by CtrlS Datacenters in Anakapalli district and a ₹2,250 crore advanced materials investment by Proterial India. Chairing the board’s 18th meeting at the State Secretariat in Amaravati on Thursday, Chief Minister N.
Chandrababu Naidu said the benefits of the State’s accelerating industrial growth should reach poor and middle-class families and stressed that industrialisation must create opportunities not only for large corporations but also for ordinary citizens and aspiring entrepreneurs. Naidu said Andhra Pradesh must build an industrial ecosystem that creates employment while enabling common people to establish enterprises and participate in economic growth. He called for greater encouragement to startups and directed officials to ensure that ventures incubated through the Real-Time Innovation Hub (RTIH) receive adequate support in attracting venture capital investments. “The State is witnessing large-scale industrial development. The fruits of this growth must reach poor and middle-class families.
We need an ecosystem in which industrial opportunities are accessible to all sections of society,” he said. The Chief Minister also asked the Education Department to align academic curricula with emerging industrial requirements, including advanced technologies such as robotics, artificial intelligence and automation. 'No place for non-serious investors’ Stressing the need to identify future industrial trends and prepare a skilled workforce to meet upcoming demands, he made it clear that Andhra Pradesh would not accommodate non-serious investors. “Officials have to closely monitor approved projects and ensure that companies commence work immediately after obtaining clearances,” he added. Minister for Information Technology and Human Resources Development Nara Lokesh highlighted efforts to align ITIs and polytechnic institutions with local industrial requirements and announced that a Centre of Excellence for rare earth mineral research was being established at Andhra University.
The BriefWire