Chandrababu Congratulates Nara Lokesh Personally for Bringing Raiden to AP
The Government of Andhra Pradesh has taken a major step forward in attracting investments, giving a new boost to the state’s economic growth. Under the chairmanship of Chief Minister N. Chandrababu Naidu, the State Investment Promotion Board (SIPB) held its 11th meeting at the Secretariat, where several landmark decisions were made.
In this single meeting, the SIPB approved over 30 major projects with a total investment value of ₹1.14 lakh crore. According to government sources, these projects are expected to generate around 67,000 direct employment opportunities across the state.
The meeting, which lasted for three hours, included detailed discussions on proposals from key sectors such as Information Technology, Energy, Tourism, Aerospace, and Food Processing. Officials presented the implementation prospects and potential benefits of each project to the Chief Minister.
Among the decisions taken, the most significant one pertains to the Information Technology sector. The SIPB granted approval to the “Raiden Infotech Data Center” project, which is set to become the largest foreign direct investment (FDI) in the state’s history. The project alone is valued at ₹87,520 crore. Chief Minister N. Chandrababu Naidu personally congratulated IT Minister Nara Lokesh for playing a key role in bringing this massive investment to the state.
Speaking on the occasion, Chief Minister N. Chandrababu Naidu said, “The efforts we have made over the past 15 months to attract investments are yielding good results. The decisions taken today will stand as a milestone in the progress of our state.”
The government has decided not only to approve these investments but also to ensure their rapid on-ground implementation. During the meeting, it was resolved to appoint dedicated officers to coordinate continuously with the companies and expedite the execution of these major projects.
Officials stated that, through all SIPB meetings held so far, the state has approved investments totaling ₹7.07 lakh crore. Once these projects are completed, they are expected to create employment opportunities for nearly 6.20 lakh people. Experts noted that these latest decisions will lay a strong foundation for the revival of Andhra Pradesh’s economy and accelerate its industrial development.
In this single meeting, the SIPB approved over 30 major projects with a total investment value of ₹1.14 lakh crore. According to government sources, these projects are expected to generate around 67,000 direct employment opportunities across the state.
The meeting, which lasted for three hours, included detailed discussions on proposals from key sectors such as Information Technology, Energy, Tourism, Aerospace, and Food Processing. Officials presented the implementation prospects and potential benefits of each project to the Chief Minister.
Among the decisions taken, the most significant one pertains to the Information Technology sector. The SIPB granted approval to the “Raiden Infotech Data Center” project, which is set to become the largest foreign direct investment (FDI) in the state’s history. The project alone is valued at ₹87,520 crore. Chief Minister N. Chandrababu Naidu personally congratulated IT Minister Nara Lokesh for playing a key role in bringing this massive investment to the state.
Speaking on the occasion, Chief Minister N. Chandrababu Naidu said, “The efforts we have made over the past 15 months to attract investments are yielding good results. The decisions taken today will stand as a milestone in the progress of our state.”
The government has decided not only to approve these investments but also to ensure their rapid on-ground implementation. During the meeting, it was resolved to appoint dedicated officers to coordinate continuously with the companies and expedite the execution of these major projects.
Officials stated that, through all SIPB meetings held so far, the state has approved investments totaling ₹7.07 lakh crore. Once these projects are completed, they are expected to create employment opportunities for nearly 6.20 lakh people. Experts noted that these latest decisions will lay a strong foundation for the revival of Andhra Pradesh’s economy and accelerate its industrial development.