AP SIPB Approves ₹53,922 Crore in Investment Proposals.

The Andhra Pradesh State Investment Promotion Board (SIPB) has approved 30 new investment proposals totaling ₹53,922 crore, a move expected to create a significant number of jobs in the state.

The projects were cleared in the 10th SIPB meeting, chaired by Chief Minister N. Chandrababu Naidu on Thursday. The investments are projected to generate 83,437 jobs across various sectors.

Among the key proposals approved are:

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  Navayuga Engineering, which received clearance for a project worth ₹15,455 crore.

  
  


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  Chinta Green Energy, with an investment of ₹15,050 crore.

  
  


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  Bright Future Power, which will invest ₹3,286 crore.

  
  


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  Solar Energy Corporation, with a project valued at ₹800 crore.

  
  

The chief minister emphasized that the government is dedicated to establishing a business-friendly environment and fast-tracking clearances to help companies establish a presence in the state quickly.