The State Investment Promotion Board (SIPB) of Andhra Pradesh has cleared investment proposals worth 29,021 INR-Crore, marking a major push to industrial development in the state. The cleared proposals span multiple sectors and are expected to generate substantial employment opportunities across regions. The approved proposals cover sectors including renewable energy, semiconductors, tourism, food processing, logistics and advanced manufacturing.
Among the major approvals was an 8,175 INR-Crore lithium-ion cell gigafactory by Wari Energy Storage Solutions at Anakapalle. Additionally, the board cleared a 4,500 INR-Crore solar power project by NTPC Renewable Energy Limited in Kurnool. It also approved a 2,387 INR-Crore semiconductor assembly and test facility in Visakhapatnam.
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Furthermore, the board gave direct approvals to multiple renewable energy and clean mobility projects. It also cleared proposals in defence manufacturing, dairy processing, and specialty chemicals. In the tourism sector, Naidu called for structured cluster development across Visakhapatnam, Amaravati, and Tirupati. He also proposed focused development plans for destinations such as Suryalanka, Polavaram, Pulicat, Gandikota, Srisailam, and Horsley Hills. Meanwhile, he highlighted plans to position Bharat Mandapam in Visakhapatnam as a national convention landmark. He also set a target of 50,000 hotel rooms across the state to attract large-scale events and strengthen MICE tourism.
Overall, the latest SIPB investment proposals approved in this round have taken the cumulative cleared investment to 903,726 INR-Crore across 15 meetings. These SIPB investment proposals are expected to generate employment for over 858,000 people. This steady momentum further strengthens Andhra Pradesh’s strategic push to emerge as a leading manufacturing and investment destination in southern India.
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