Friday, Mar 14 2025 | Time 18:36 Hrs(IST)
States » South


SIPB's nod for Rs 1.22 lakh crore investments in AP

Vijayawada Mar 13 (UNI) Andhra Pradesh Chief Minister Chandrababu Naidu on Thursday directed the officials to initiate steps to ensure that industries that have signed investment agreements with the State are grounded immediately.
Chairing the fourth State Investment Promotion Board (SIPB) meeting held at the State Secretariat here, the Chief Minister also ordered the officials to closely monitor the progress of the projects that have already been approved and entered into agreements with the State.
He felt the need for setting up a tracker for closely monitoring the progress of these projects.
The SIPB meeting approved the proposals for an investment of Rs 1,21,656 crore worth of 10 projects in sectors like industries, power and tourism. These projects will create 80,104 employment opportunities.
The Chief Minister also reviewed the progress of the projects approved during the earlier SIPB meetings.
The Chief Minister directed the officials to set up 175 Micro, Small and Medium Enterprise (MSME) parks in the State with one park each in every Assembly segment.
As part of this, 26 MSME parks should be set up immediately with one park each for every district, he said.
The Chief Minister also said that the already proposed five Ratan Tata Innovation Centres should be set up in five areas within a month.
The officials should closely follow-up the respective companies till the investments are made, the Chief Minister said and stressed the need for giving the necessary approvals to the companies on a fast pace with which agreements have already been entered into besides monitoring closely till they are grounded.
Chandrababu felt that the Ministers and the officials should work hard in this aspect and only then the progress and the results can be achieved.
Till now the SIPB in all the four meetings held till now has given its consent for the projects worth Rs 4,32,584 crore which will provide 3,92,680 jobs.
UNI DP BM
More News

TN govt to introduce Tourism Promotion and Facilitation Act : Minister

14 Mar 2025 | 6:35 PM

Chennai, Mar 14 (UNI) To attract more investments, promote economic growth and
support hospitality Industries, the Tamil Nadu Tourism Promotion and Facilitation Act'
will be introduced, Finance Minister Thangam Thennarsu told the State Assembly on
Friday.

see more..
DPRs on Coimbatore, Madurai Metro Rail projects submitted to Centre : Minister

DPRs on Coimbatore, Madurai Metro Rail projects submitted to Centre : Minister

14 Mar 2025 | 6:33 PM

Chennai, Mar 14 (UNI) Detailed Project Reports (DPRs) on Coimbatore and
Madurai Metro Rail Projects have been submitted to the Centre for equity
contribution, Finance Minister Thangam Thennarsu told the State Assembly
on Friday.

see more..
TN Govt to notify Dhanushkodi as Greater Flamingo Sanctuary

TN Govt to notify Dhanushkodi as Greater Flamingo Sanctuary

14 Mar 2025 | 6:31 PM

Chennai, Mar 14 (UNI) The Tamil Nadu government will initiate steps
to notify Dhanushkodi, serving as a key stopover for migratory birds,
as a Greater Flamingo Sanctuary ensuring the protection of migratory
wetland birds and their natural ecosystem, Finance Minister Thangam
Thennarsu told the State Assembly on Friday.

see more..

Need to improve survival rates for cardiac arrest cases: Dr Ramana Rao

14 Mar 2025 | 6:24 PM

Hyderabad, Mar 14 (UNI) Dr G V Ramana Rao, Director of EMLC & Research at EMRI, emphasised the need to improve survival rates for cardiac arrest cases.

see more..
TN to set up Space-Tech fund to encourage Space Startups

TN to set up Space-Tech fund to encourage Space Startups

14 Mar 2025 | 6:11 PM

Chennai, Mar 14(UNI) The Tamil Nadu government will set up
Space Tech fund with an allocation of Rs ten crore to encourage
Space Tech Start-ups, Finance Minister Thangam Thennarsu
told the State Assembly on Friday.

see more..