VIJAYAWADA: Several key proposals have been approved at the State Investment Promotion Board (SIPB) meeting chaired by Chief Minister Jaganmohan Reddy here on Tuesday. Among other decisions, the board decided to allot 860 acres of land to Jindal Steels to set up a steel plant in Nellore district.
At the meeting, the chief minister directed the authorities to ensure companies provided 75 per cent employment to locals. He also emphasized on environment protection.
The board approved the allotment of land to Jindal Steel Andhra Ltd at Thamminapatnam for the setting up of an integrated steel plant. It would have an annual production capacity of 2.25 million metric tonnes. This would be done at a total investment of `7,500 crore. The company would provide employment for 2,500 people in four years.
Also, the board approved extension of the deadline to June 2022 for the setting up of St Gobain Industry in Visakhapatnam district. The company had sought an extension due to…