In a major boost to industrial development, the State Investment Promotion Board (SIPB) has approved 30 investment proposals worth an estimated 53,922 INR-Crore in Andhra Pradesh. Chaired by Chief Minister N Chandrababu Naidu, the 10th SIPB meeting focused on accelerating economic activity and job creation across key sectors.
The approved projects span aerospace, IT, energy, food processing, and MSMEs, with a projected employment generation of 83,437 jobs. Notable investments include:
- 15,455 INR-Crore by Navayuga Engineering in Paderu
- 15,050 INR-Crore by Chinta Green Energy in Kadapa
- 1,197 INR-Crore by HFCL in Madakasira
- 1,110 INR-Crore by Apollo Tyres in Chittoor
- 1,843 INR-Crore for the Dhirubhai Ambani Green Tech Park in Krishnapatnam
- 2,000 INR-Crore by Serentika Renewables in Anantapur
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The Chief Minister highlighted plans to attract Mahindra’s EV manufacturing plant and proposed MSME parks in every assembly constituency. To conclude, the SIPB Andhra Pradesh approvals mark a transformative step toward building a diversified, employment-rich industrial ecosystem. It will further reinforce the state’s commitment to ease of doing business and inclusive growth.
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