Jagan announces committee to fast-track investment proposals
Andhra Pradesh chief minister YS Jagan Mohan Reddy announced the constitution of a high-power committee to follow up the implementation of the memorandums of understanding (Mous) signed at the two-day Global Investors’ Summit (GIS) that concluded at Visakhapatnam on Saturday.
Chief secretary KS Jawahar Reddy will lead the committee, also comprising special chief secretary (industries) R Karikal Valaven and senior officials of the CM’S office. The panel will track the investment proposals and ensure that the projects are grounded on a fast-track mode.
“The investment proposals
are an indication to the faith reposed by the investors in the state government and its pro-industry policies,” the CM said at the concluding session of GIS.
He requested the investors to move from the MOU stage to the grounding of their investments in the state at the earliest. “We assure you that our government expedites the facilitation of your businesses taking the matters forward,” he added.
During the summit, the state government has executed 352 Mous with an investment commitment of over ₹13 lakh crore and employment potential of over six lakh (600,000), he said.
“In the energy sector alone, 40 Mous worth ₹8.84 lakh crore have been signed to create 1.90 lakh (190,000) jobs. In the information technology and It-enabled sector, 56 Mous were signed for an investment of ₹25,587 crore and will generate employment for 1.04 lakh (104,000) people,” he said.
Significant investments were committed in the renewable energy sector, particularly in pumped storage and production of green hydrogen and green ammonia, aimed at creating carbon-free emissions, the chief minister added.