The Andhra Pradesh government has approved investments worth over ₹2.01 lakh crore at the 17th meeting of the State Investment Promotion Board (SIPB) chaired by Chief Minister N. Chandrababu Naidu, paving the way for 25 major projects and employment opportunities for more than 39,000 people.
Reliance Industries has received the green signal to set up a mega data centre in Visakhapatnam, with an investment of ₹1,08,010 crore. The company will also establish a solar power project, along with a battery energy storage system, in Sri Sathya Sai district with an outlay of ₹51,300 crore.
Adani Group will set up a pumped storage hydro energy project in Kadapa district at a cost of ₹12,297 crore. Additionally, a green hydrogen project by Yamanko India Private Limited in Tirupati district will bring in investments of ₹9,398 crore.
Boosting industrial growth, Royal Enfield will set up a motorcycle manufacturing unit in Tirupati district with an investment of ₹2,508 crore, expected to generate around 3,000 jobs.
Other notable industrial investments include Apollo Tyres’ ₹6,100 crore project and multiple bio-energy and renewable initiatives across districts.
Speaking at the meeting, the Chief Minister emphasised that every investment proposal must translate into a grounded project within a defined timeline. Ensure that approvals are granted without delay and see the need to build a strong “AP Brand” known for ease and speed of clearances, he said and called for appointing proactive officials in key positions to facilitate investments efficiently.
Highlighting the importance of MSMEs, Mr. Naidu said they play a crucial role in achieving the ‘One Family–One Entrepreneur’ vision.
He urged the development of infrastructure such as gas pipelines in industrial clusters and emphasised tapping opportunities in food processing and value addition in crops such as oil palm, mango, coconut, and cocoa to benefit the farmers.
The SIPB approvals span sectors including energy, IT, food processing, and manufacturing, marking one of the largest investment clearances by the State in recent times. Senior officials, Ministers, and department representatives participated in the meeting.