Investment Promotion Board holds review meeting
The Andhra Pradesh government has cleared 217 investment proposals, out of a total of 417, since the single-desk clearance system became operational in May this year.
Of the total applications, 148 were pending while the remaining were beyond the purview of the single desk. This was disclosed at a review meeting of the State Investment Promotion Board (AIPB) chaired by Chief Minister N Chandrababu Naidu here on Monday.
Mega projects
Seven mega projects in the pipeline involving a total investment of Rs. 2,003 crore will create 35,700 jobs. They are Mohan Spintex (textiles), Indian Designs (textile & garmenting), Divis Laboratories (Active Pharmaceutical Ingredients project), Vayhan Coffee (premium instant coffee plant), Jain Irrigation (mega food park), Greentech Industries (auto-components) and NHK Springs India (ancillary auto-components unit of iSuzu Motors India).
“Those applications which have not been cleared will be given deemed approvals next month.
“Also, the concerned officer who has delayed the process will be asked to give an explanation on why there has been a delay,” the Chief Minister said.
The SIPB will meet once every month to review the progress of pending applications. To give a thrust to investments in the State, the government is looking at digitising all industries sector-wise.
The Industries Department has been asked to give a monthly update on the status of new projects.
Speedy clearance
Referring to applications/projects put on hold because of litigations, Naidu directed officials to request the Centre to set up a commercial desk in the High Court for speedy clearance.
The single-desk portal, which grants clearances to projects, is being linked to CM CORE Dashboard where the Chief Minister can monitor the status of clearances real-time.
The government is also planning to organise a global investors summit on October 12-14, on the eve of the Hudhud anniversary to symbolise the resurgence of Andhra Pradesh after the cyclone battered its coastal areas.
