Andhra Pradesh SIPB Approves 11 Major Investment Projects Worth ₹9,076.11 Crore
The Andhra Pradesh State Investment Promotion Board has approved 11 projects totaling ₹9,076.11 crore, expected to create 10,531 jobs. This move aims to bolster industrialization while enhancing the income of farming families and promoting green energy solutions.
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At the 19th meeting of the Andhra Pradesh State Investment Promotion Board, 11 investment proposals were approved, amounting to ₹9,076.11 crore and projected to generate 10,531 jobs. The approved projects include significant investments by Adani Foundation (₹2,200 crore), Mondelez India Foods (₹1,801 crore), and Akshat Greentech (₹1,600 crore), among others.
Chief Minister N Chandrababu Naidu emphasized the need for a policy on ethanol and green energy, highlighting the importance of the circular economy and food processing industries. The SIPB has approved 339 projects since the current government took office, with a combined investment of ₹11.86 lakh crore, aimed at creating over 10.41 lakh jobs, indicating strong growth in the state’s economy and industrial landscape.
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