Andhra Pradesh SIPB approves 39,473 INR-Crore investments

Andhra Pradesh State Investment Promotion Board (SIPB) has approved investments worth an estimated 39,473 INR-Crore across 22 new projects. These investments are expected to generate over 30,000 jobs statewide.

The proposals cleared were in sectors like IT, food processing, energy, tourism, and pharma. These investments, sanctioned by SIPB, include 4,500 INR-Crore by JSW Group for the AP Steel Plant in Kadapa and 3,700 INR-Crore by ReNew Photovoltaic Pvt Ltd in Anakapalli. Also, ReNew Vikram Shakti Pvt Ltd will invest 3,600 INR-Crore across Kurnool and Nandyal, alongside 1,800 INR-Crore by ReNew Vyoman Power Ltd in the same districts.

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Additionally, JSW Neo Energy will invest 2,000 INR-Crore in Kadapa, and Axxelent Pharma Pvt Ltd plans 1,358 INR-Crore in Sri City. Lulu Shopping Malls received SIPB approval for 1,222 INR-Crore investments in Visakhapatnam and Vijayawada. Notably, Greenlam Ltd will deploy 1,147 INR-Crore in the Naidupet SEZ.

Meanwhile, the SIPB continues to accelerate strategic infrastructure and industrial growth across Andhra Pradesh. These investments reflect the board’s commitment to inclusive development.

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