"Andhra Pradesh’s State Investment Promotion Board (SIPB) has approved investment proposals totaling ₹19,391 crore."

The Andhra Pradesh State Investment Promotion Board (SIPB) has cleared investment proposals worth ₹19,391 crore across multiple sectors, with the potential to generate 11,753 jobs in the State.

The approvals were granted at the 14th meeting of the SIPB, chaired by Chief Minister N. Chandrababu Naidu in Amaravati. Key projects include a ₹6,675-crore power project by Tata Power in Nellore, a ₹5,571-crore investment by Shridi Sai Electricals in Kadapa, a ₹3,538-crore renewable energy project by Websol Renewable at Naidupeta, and a ₹1,500-crore cement unit by Ramco Cements at Nandhyala, among others.

With these latest clearances, the SIPB has so far approved investments amounting to ₹8.74 lakh crore, which are expected to create employment opportunities for about 8.35 lakh people.

Addressing the meeting, the Chief Minister said Andhra Pradesh had succeeded in attracting significant investments in 2025 through coordinated efforts. He added that the State government had been able to restore Andhra Pradesh’s brand image, according to an official release.