Andhra Pradesh Boosts Investment with 27 Mega Projects

The Andhra Pradesh Investment Promotion Board has approved 27 projects, bringing over Rs 29,000 crore in investments. The Chief Minister underlined a focus on rapid business execution, with projects from Google and others in the pipeline. Tourism, hospitality, and exports are set for significant enhancement.

The Andhra Pradesh Investment Promotion Board has sanctioned 27 projects with a total investment exceeding Rs 29,000 crore in a move to bolster the state's economy. Chief Minister N Chandrababu Naidu stressed the importance of the 'Speed of Doing Business' as a key policy direction.

The 15th State Investment Promotion Board meeting underscored the government's commitment to swift industrial expansion, with investments totaling over Rs 9 lakh crore aimed at generating over 8.5 lakh jobs. Mega projects by companies such as Google, ArcelorMittal, and BPCL are in the works, with directives to minimize bureaucratic hurdles.

Naidu announced plans to enhance tourism and hospitality infrastructure across key regions like Visakhapatnam and Tirupati. The state also aims to establish sports cities, creative hubs, and a culinary institute, enhancing its appeal in various sectors. Initiatives to boost exports in aquaculture and livestock were highlighted as potential growth areas.

(With inputs from agencies.)