Chief Minister Y.S. Jagan Mohan Reddy, in a meeting with the officials on Thursday, exhorted the State Investment Promotion Board (SIPB) to strive to double the exports to ₹3.50 lakh crore in five years by focusing on implementation of the Export Promotion Policy 2022-27, under which various initiatives had been taken.
Employment potential
At the meeting, the SIPB gave its nod for the establishment of a bioethanol plant at Sarvepalli in Nellore district by KRIBHCO with an investment of ₹560 crore.