Andhra Pradesh SIPB clears investment proposals worth ₹2 lakh crore

Andhra Pradesh government approves investments worth Rs 2.01 lakh crore on 17^he The meeting of the State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, paves the way for 25 major projects and employment opportunities for over 39,000 people.

Reliance Industries has received the green signal to set up a mega data center in Visakhapatnam with an investment of ₹ 1,08,010 crore. The company will also set up a solar power project along with a battery energy storage system in Sri Sathya Sai district at an outlay of ₹ 51,300 crore.

Adani Group will set up pumped storage hydropower project in Kadapa district at a cost of ₹ 12,297 crore. Additionally, Yamanko India Private Limited’s green hydrogen project in Tirupati district will bring investment of ₹ 9,398 crore.

Boosting industrial growth, Royal Enfield will set up a motorcycle manufacturing unit in Tirupati district, which is expected to create jobs for around 3,000 people with an investment of ₹ 2,508 crore.

Other notable industrial investments include Apollo Tires’ ₹ 6,100 crore project and multiple bio-energy and renewable initiatives across regions.

Speaking at the meeting, the Prime Minister emphasized that every investment proposal should be transformed into a solid project within a certain timeline. Ensure approvals are granted without delay and understand the need to build a strong “AP Brand” recognized for ease and speed of clearances, he said, calling for appointment of proactive officials in key positions to facilitate investments efficiently.

Highlighting the importance of MSMEs, Mr. Naidu said that they play a crucial role in achieving the vision of ‘One Family – One Entrepreneur’.

He encouraged the development of infrastructure such as gas pipelines in industrial clusters and highlighted opportunities to exploit food processing to benefit farmers and add value to crops such as palm oil, mango, coconut and cocoa.

SIPB approvals cover sectors such as energy, information technology, food processing and manufacturing and mark one of the largest investment permits granted by the Government in recent times. High-ranking officials, Ministers and department representatives attended the meeting.