Out of the incentives requested worth ₹541 crores, the Chief Minister approved the SIPB recommendation of accepting ₹165.3 crores.
From all 18 departments, a total of 2,721 MoUs were signed in past 4 years, bringing in an investment of Rs. 16,12,316 crores and employment to 36,40,068 people. Out of them, 634 MoUs were signed in the Partnership Summit held this year.
Inauguration of 24 units and laying of foundation stones for 28 units will be completed within the next one year.
The Chief Minister asked officials to ensure the implementation of measures to be taken to make the State pollution-free.
Industries Secretary Solomon Arokiaraj said that Andhra Pradesh is the only state in the country to have information about investments, employment and project progress on a public domain.
The first phase of developing master plans is over, in which the start-up area of 5,815 acres has been planned. In the two nodes, Visakhapatnam and Srikalahasti, the total area which will be developed is 33,510 acres.
Asian Development Bank has committed to invest up to $1 billion in the next phase. So far, ADB has invested $675 million.
In the Visakhapatnam node, a start-up area of 758 acres is being developed in Atchutapuram. The study team used drone surveys to geo-reference high-resolution imagery and super-imposed it with cadastral data.
Officials also discussed the development of the Krishnapatnam node under Chennai-Bangalore Industrial Corridor. The vision of developing the node is to make it People-Centric, Low Carbon and Hub of Innovation.
The Chief Minister was informed that interactions with potential investors have been initiated. During the South Korean President’s visit in July, a number of meetings have been scheduled.