Ensure investment MoUs translate into operational projects, Naidu tells officials

Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday directed officials to focus on translating investment agreements signed into operational projects and ensuring that units begin production.

At the 22nd meeting of the State Investment Promotion Board (SIPB) Mr. Naidu chaired at his camp office, the officials informed him that work had been initiated on 519 of the 714 investment agreements signed earlier.

The meeting discussed investment proposals across industries, energy, tourism, Information Technology, electronics, food processing and infrastructure.

Mr. Naidu called for establishment of a world-class international convention centre in Visakhapatnam to facilitate the hosting of investment summits. He also stressed the importance of investment, infrastructure development and food processing in developing the Rayalaseema region into a global horticulture hub.

Emphasising connectivity as a key component of the State's logistics infrastructure, the Chief Minister asked the officials to focus on ports, airports, road and rail networks, and east-west connectivity.

The Chief Minister also called for development of a semiconductor manufacturing ecosystem in Andhra Pradesh, with manufacturing units forming a part of the broader industrial network.

Ministers Nara Lokesh, T.G. Bharath, Anagani Satya Prasad, Gottipati Ravi Kumar, P. Narayana and Kandula Durgesh, along with officials from various departments, attended the meeting virtually.