Amaravati, July 1 -- Andhra Pradesh Industries and Commerce Minister TG Bharath said that investments worth Rs 11.77 lakh crore have been grounded in the past two years, expected to create nearly 10.20 lakh jobs.

He said project progress is closely monitored after the DPR stage, warning that delays will attract notices and penalties.

He also said that land allotments are made only after approvals from the SIPB and the State Cabinet.

Speaking to ANI on Tuesday, Bharath said, "The land allotment is done based on a company's DPR (Detailed Project Report). The DPR is assessed, goes through the SIPB and SIPC, and then comes to the Cabinet for approval...We were able to close investments worth Rs 11.77 lakh crore across all portfolios in the...