State Investment Board (SIPB) of Andhra Pradesh approved 28 new industrial proposals with an estimated investment of 22,177 INR-Crore. The proposed investments include various sectors such as energy, IT and communications, food processing, manufacturing and tourism.
As per the approvals, Visakhapatnam will receive investments in IT services and technology training. Muthoot Fincorp has received approval for an Integrated Hub for AI and Technology Center with an estimated investment of 100 INR-Crore. Additionally, Deloitte will establish an operations center. Its investment is estimated to cost 43 INR-Crore.
Also Read: Upcoming Mixed-Use Development – Valor L&T Conrad, BKC, Mumbai
Andhra SIPB is focused on developing infrastructure facilities at the electronics hub, such as Kopparthy, Tirupati and Lepakshi. The planned infrastructure will support the state’s expanding industrial ecosystem across electronics, research, design and manufacturing. These developments will further add to Andhra Pradesh’s industrial infrastructure pipeline across multiple sectors.
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