Andhra Pradesh has cleared the decks for the establishment of another four private universities and an Institute of Financial Management Research.This is expected to attract investments worth over Rs. 3,028 crore, according to AP Finance Minister Y. Ramakrishnudu, who spoke after the cabinet meet presided by Chief Minister N. Chandrababu Naidu yesterday in Vijayawada. 
Universities which are expected to establish their branches include RS Trust (VelTech), World Peace University (Maharashtra Academy of Engineering and Educational Research) and Great Lakes International University (Great Lakes of Institute of Management).
They will come up in Sri City, Chittoor and Visakhapatnam. Recently the State government has passed the Private Universities Bill in the Assembly to pave the way for establishment of universities under private management. The State government has already allotted 100 acres of land for four universities in the past such as VIT, Centurion, SRM and Amity Universities in Amaravati.
It has been decided in the Cabinet meet to form a cabinet sub-committee to examine the legal implications likely to arise if the Secretariat in Hyderabad was transferred to Telangana. The Cabinet felt that the Secretariat shifting process was still to be completed and that it might not happen immediately.Another sub-committee was also formed to explore the legal options over the Brijesh Kumar Tribunal’s latest award over distribution of the Krishna River water.
The State government has proposed to establish World Class Integrated Food Processing complex at Makavarapalem in Visakhapatnam under private management. The cabinet resolved to allot 115 acres to a private company for its establishment. It is also decided to allow a food park at Kothapatnam in Nellore district for refining 3,000 tonnes of sugar. A tourism corporation will be developed at Bhavani islands in Vijayawada.

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