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Andhra Pradesh Clears ₹20,444 Crore, Sets 45-Day Deadline to Ground CII MoUs

Naidu ties new approvals to strict weekly oversight to show on-the-ground progress before Davos.

Overview

  • SIPB’s 13th meeting approved ₹20,444 crore in projects with a projection of 56,278 jobs.
  • Officials were told to complete groundbreaking for more than half of the recent CII Partnership Summit agreements within 45 days.
  • The Chief Secretary will conduct weekly implementation reviews as the Chief Minister commits to personally track SIPB decisions and MoUs.
  • The state set a target to lay foundation stones for 75 MSME parks before the World Economic Forum meeting in January.
  • Plans under development include a ₹500 crore sovereign fund, an advisory body for Quantum Valley, and 50 acres in Kapuluppada earmarked for tourism facilities, with officials reporting ₹7.69 lakh crore of summit-linked investments moving toward implementation.