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AP SIPB clears Rs.2L-cr investments in mega industrial push

AP SIPB clears Rs.2L-cr investments in mega industrial push

The Hans India 1 week ago

Amaravati: Andhra Pradesh has approved a whopping Rs 2,01,023-crore investment pipeline spanning 25 projects, underscoring its determination to position itself as a major hub for digital infrastructure, clean energy, and advanced manufacturing.

The proposals, cleared at the 17th State Investment Promotion Board (SIPB) meeting, are expected to generate 39,067 jobs, with large-scale commitments led by Reliance Industries.

Reliance is set to anchor the investment wave with a Rs 1,08,010 crore data centre project in Visakhapatnam, one of the largest digital infrastructure bets in the country. The group has also committed Rs 51,000 crore towards a solar power plant and a battery energy storage system in Sri Sathya Sai district, signalling a parallel push into renewable energy capacity.

Diversified conglomerate Adani Group will invest around Rs 12,000 crore in a pumped hydro storage project in Kadapa, strengthening grid stability and renewable integration.

Royal Enfield plans to establish a Rs 2,500-crore manufacturing facility in Tirupati, expanding its production footprint.Other notable approvals include investments by Apollo Tyres (Rs 6,100 crore in Sri City), , ITC Limited and International Flavors & Fragrances (Rs 3, 153 crore in Nellore SEZ), Gridon Energy (Rs 3,149 crore, Kurnool) and Green Hydrogen (Yamanco India - Rs 9,398 crore) reflecting sectoral diversity across energy, food processing, chemicals, and industrial manufacturing.

Chief Minister N Chandrababu Naidu emphasised execution discipline, stating that every investment proposal must translate into a formal agreement and ultimately into grounded projects. He directed officials to ensure that end-to-end timelines, from approvals and clearances to ground-breaking and commissioning, are strictly adhered to, with no delays attributable to government processes. The state is also seeking to build an "AP Brand" around fast-track clearances to differentiate itself in an increasingly competitive investment landscape. Alongside large investments, the state is placing emphasis on MSMEs as part of its "One Family, One Entrepreneur" initiative, aiming to deepen industrial participation and employment generation. The government is also prioritising integrated industrial ecosystems, including gas pipeline connectivity, logistics infrastructure, and value addition in sectors such as horticulture, oil palm, mango, coconut, and cocoa to strengthen agri-linked industries. With a mix of mega-scale digital infrastructure, renewable energy capacity and manufacturing expansion, Andhra Pradesh is positioning itself to capture a larger share of both domestic and global capital flows.

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