On Thursday, the fifth meeting of the State Investment Promotion Board (SIPB) in Andhra Pradesh was led by Chief Minister N Chandrababu Naidu. They approved big investment plans worth ₹31,167 crore from 17 companies. These plans could create over 32,600 new jobs across different areas like food processing, IT, and energy.
Naidu reminded everyone that it’s important not only to attract these investments but also to make sure they actually happen and benefit local people. He asked officials to present a report at the next meeting about how many investments turned into real projects and how many jobs were created.
Additionally, State IT Minister Nara Lokesh suggested offering land to IT companies at very low prices to encourage more to come to the state. Naidu liked this idea and told officials to update the IT policies to support it.
Leave a Reply