Seven mega projects involving investments totalling Rs. 2,003 crore would be coming up in the State. These would also create 35,700 jobs, Chief Minister N. Chandrababu Naidu was informed, during a review meeting on the State Investment Promotion Board (SIPB) on Monday.
Elaborating on the performance of the single-desk clearance, the Chief Minister was informed that 216 of the total 417 applications were cleared.
The seven projects are Mohan Spintex (textile), Indian Designs (textile & garments), Divis Laboratories (Active Pharma Ingredients), Vayhan Coffee (Premium instant coffee plant)
Jain Irrigation (Mega food park), Greentech Industries (Auto-components unit) , NHK Springs India (Auto-components unit of Isuzu Motors). On the ‘Ease of Doing Business’, Mr. Naidu was informed that Department of Industry Policy & Promotion (DIPP) had given 285 indicators for States to rank themselves and A.P. was complying with 190 indicators, while 50 do not apply to the State.
This put A.P.’s Ease of Doing Business at around 70 per cent. Regarding applications/projects on hold due to court litigations, he directed officials to write to the Centre requesting for the setting up of a ‘Commercial Desk’ in High Court.
