*15 projects approved involving Rs 44,776 crore in investments 

* To generate 19,580 jobs across multiple sectors

Metro India News | AMARAVATI

In the third meeting of the State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, approval was granted for 15 projects involving Rs.44,776 crore in investments. These projects are expected to generate 19,580 jobs across multiple sectors.

With this latest approval, the cumulative investments sanctioned by the SIPB have surpassed Rs.3 lakh crore since the coalition government took office. Major firms, including ArcelorMittal, NTPC, HPCL, and BPCL, have already secured clearances. Ground-breaking ceremonies for the Rs.1.36 lakh crore ArcelorMittal Steel Plant and the Rs.96,000 crore BPCL project are set to take place within the next three months.

Over the last seven months, the SIPB has convened three times, significantly expediting investment approvals. The first two meetings sanctioned investments worth Rs.83,987 crore and Rs.1,82,162 crore, respectively. The third meeting has now added another Rs.44,776 crore, bringing the total SIPB-approved investments to Rs.3,10,925 crore, with an estimated 3,12,576 job opportunities.

Chief Minister Naidu directed officials to closely monitor projects exceeding Rs.10 crore, review the progress of previously approved projects, and maintain continuous engagement with industrial stakeholders to accelerate the implementation process.

The recent Davos visit has garnered interest from DP World (Dubai) and AP Moller-Maersk (Denmark), prompting the CM to order follow-up negotiations with these firms. He urged officials to leverage every opportunity to attract investments, particularly in the tourism sector, which he expects to grow by 20% annually.

To prevent bureaucratic delays, CM Naidu has proposed appointing a dedicated convenor to oversee inter-departmental coordination, ensuring swift approvals at both state and district levels. The government is also focusing on streamlining processes, eliminating field-level hurdles, and maintaining direct engagement with investors.

Kopparti EMC and ALEAP 

Rs 305 crore in food processing investments, generating 6,000 jobs in Kadapa and Kodur.

Navayuga Engineering

Rs 14,328 crore for 2,300 MW projects in Alluri Sitarama Raju and Vizianagaram districts, creating 3,450 jobs.

Megha Engineering 

Rs 10,300 crore for pumped storage projects in Annamayya district, generating 3,000 jobs.

Aspari Renewables 

Rs 972.23 crore for a 118.80 MW wind power project in Anantapur and Sri Satyasai districts, providing 150 jobs.

Anantapur Renewable Private Limited 

Anantapur Renewable Private Limited is setting up a 178.20 MW wind power project in Anantapur with an investment of Rs 972.23 crore, providing jobs to 225 people.

Kadapa Renewables Pvt Ltd

Rs 1,163.11 crore for 231 MW wind power in Sri Sathya Sai district, employing 300 people.

Ecoren Energy India 

Ecoren Energy India Pvt. Ltd. is setting up a 201.30 MW wind power project in Anantapur and Sri Satyasai districts with an investment of Rs. 1,651 crore, providing employment to 255 people.

Ayana Renewable Power 

Rs 4,435 crore for a 498.30 MW renewable energy plant in Kurnool, creating 630 jobs.

Ampin Energy Transition 

Rs 3,142 crore for a 350 MW hybrid wind-solar plant in Kurnool and Nandyal, supporting 1,200 jobs.

Coromandel International

Rs 1,539 crore to expand its fertilizer plant in Kakinada, adding 750 jobs.

Tata Power

Rs 2,000 crore for a 400 MW solar project in Anantapur, employing 1,380 people.

SAEL Solar 

Rs 3,456 crore for 600 MW solar plants in Anantapur, Kadapa, and Nandyal, creating 2,070 jobs.

NSL Renewable CPP

NSL Renewable CPP Pvt. Ltd. is setting up a 50 MW wind-solar hybrid power plant with an investment of Rs. 567 crore. It will provide employment to 170 people.