Overview
- The State Investment Promotion Board approved 11 projects with a combined investment of ₹9,076.11 crore at its 19th meeting chaired by Chief Minister N. Chandrababu Naidu on Tuesday, a package the government says will create about 10,531 jobs.
- Naidu instructed officials to actively promote ethanol manufacturing, draft a comprehensive ethanol, methane and sustainable aviation fuel policy, and pursue a target of 40% ethanol blending to boost demand for maize and raise farm incomes.
- Major approvals include an Adani Foundation project (₹2,200 crore), Akshat Greentech’s ₹1,600 crore solar cell and module plant, and a ₹1,801 crore Mondelez food‑processing unit, with other investments in logistics, mining and hospitality.
- Officials told the board that since the current government took office 19 SIPB meetings have cleared 339 projects worth ₹11.86 lakh crore with potential employment for more than 10.41 lakh people, a figure the state cites as evidence of investment momentum.
- Officials expect the package to have wider effects by linking agriculture to industry through increased feedstock demand for ethanol, expanding hotel capacity and tourism 'Experience Centres', and by attracting solar manufacturing that could anchor local supply chains.