Andhra Pradesh SIPB, chaired by Chief Minister N. Chandrababu Naidu, greenlights 30 projects worth ₹53,922 crore, set to create 83,437 jobs. Major investments include Apollo Tyres, HFCL, and Reliance Green Tech.
Overview
The State Investment Promotion Board (SIPB) of Andhra Pradesh, under CM N. Chandrababu Naidu, sanctioned 30 new investment projects amounting to ₹53,922 crore on August 28, 2025. These ventures are anticipated to offer 83,437 job opportunities, solidifying Andhra Pradesh’s status as a prominent center for industrial and infrastructure development.
Major Investment Approvals
- HFCL (Himachal Futuristic Communications Ltd.): ₹1,197 crore investment at Madakasira
- Apollo Tyres: ₹1,100 crore project in Chittoor district
- Dhirubhai Ambani Green Tech Park: ₹1,843 crore at Krishnapatnam
- Serentika Renewables of India: ₹2,000 crore project in Anantapur
These projects cover various sectors such as renewable energy, automotive, telecom, and green technology, contributing to employment growth and industrial advancement in the state.
CM Naidu’s Focus Areas
- Ease of Doing Business: Streamlining approvals and clearances for investors
- Electric Mobility: Initiatives to attract a Mahindra EV plant to Andhra Pradesh
- Food Processing Industry: Recognizing potential in horticulture and mango processing in Chittoor and Rayalaseema
- MSME Development: Plan to establish MSME parks in each assembly constituency as local business centers
CM Chandrababu Naidu emphasizes close monitoring of project execution to ensure timely completion, focusing on key sectors like ease of doing business, electric mobility, food processing, and MSME development.
Economic and Employment Impact
- Creation of 83,437 job opportunities for Andhra Pradesh’s youth
- Enhancement of renewable energy and green technology capacities
- Boost to manufacturing capabilities in sectors like tyres, telecom, and EVs
- Long-term support to farmers through food processing and horticulture-linked industries
Key Takeaways for Competitive Exams
- Andhra Pradesh SIPB approves 30 projects worth ₹53,922 crore, expected to generate 83,437 jobs
- Major investments include Apollo Tyres, HFCL, and Reliance Green Tech
- CM Naidu focuses on ease of doing business, electric mobility, food processing, and MSME development
- Projects aim to create jobs, strengthen renewable energy, and support manufacturing in key sectors
