AP SIPB Clears Rs 30,515 Crore In Investments

The 18th SIPB meeting led by CM Chandrababu Naidu approved investment proposals from 50 companies involving a total investment of Rs 30,515 crore, expected to generate 29,677 employment opportunities across the state.

Update: 2026-06-18 11:43 GMT
Chief Minister N Chandrababu Naidu chaired the 18th meeting of the State Level Investment Promotion Board held at the Secretariat. | Image Source: X

Amaravati: Chief Minister N Chandrababu Naidu approved investment proposals from 50 companies involving a total investment of Rs 30,515 crore, which is expected to generate 29,677 employment opportunities across the state during the 18th State Investment Promotion Board (SIPB) meeting held on Thursday.

Industrial growth to benefit the poor and middle class

He directed officials to ensure that the benefits of industrial development reach the poor and the middle class. He emphasised the need to build an industrial ecosystem in Andhra Pradesh that enables not only large corporations but also ordinary people and entrepreneurs to establish enterprises.

Speaking on the occasion, the Chief Minister said that the state is witnessing rapid industrial growth and stressed that the gains from this development should translate into employment, entrepreneurship and economic opportunities for all sections of society. He called for stronger support to startups and effective utilisation of the state's innovation ecosystem through the Ratan Tata Innovation Hub (RTIH). He also directed officials to facilitate venture capital investments for startups and create a robust entrepreneurial ecosystem.The Chief Minister instructed the Education Department to align academic curricula with emerging industry trends and future technologies, including robotics and advanced technology courses. He also emphasized that only serious investors should be encouraged and directed officials to closely monitor approved projects to ensure timely grounding and execution.

Focus on Ethanol, Semiconductors and Quantum Ecosystem

Highlighting the importance of ethanol production, Chandrababu Naidu said Andhra Pradesh should take a lead role in the sector. Increased ethanol blending would benefit farmers and reduce the country's dependence on imported fuels. He called for discussions with oil companies and greater encouragement for biofuel industries.The Chief Minister also stressed the importance of planning industrial projects in line with future power requirements. Noting a 17 percent increase in electricity demand this year, he directed officials to prepare comprehensive projections for industrial, commercial and IT-sector power consumption.He identified solar, wind, pumped storage, and Battery Energy Storage Systems (BESS) as the future of energy and called for accelerated development of projects that support the state's 160 GW green energy vision. Special attention should be given to lithium-ion battery manufacturing and fast-charging technologies for electric vehicles, he said.
The Chief Minister underscored the need to build a strong semiconductor ecosystem and promote data centers while ensuring adequate power infrastructure. He also directed officials to establish a Micro-Irrigation Equipment Park to encourage manufacturers of irrigation equipment, making such technologies more affordable for farmers and supporting future growth in horticulture and floriculture.Referring to the emerging AI and quantum technology ecosystem in Amaravati, he said project approvals and land allotments should be simplified and made transparent. He advocated automated approval systems that minimize political interference and ensure ease of doing business.He further envisioned the development of a comprehensive ecosystem for Amaravati Quantum Valley, including technology parks, quantum applications, quantum computing hardware, and research infrastructure.
The Chief Minister highlighted the strategic importance of Sri City, Tirupati and Anantapur for automobile manufacturing, noting the presence of major companies such as Royal Enfield, Isuzu, Hero and Kia.He directed officials to expedite the establishment of the proposed Fifth Generation Fighter Jet Manufacturing and Testing Facility at Puttaparthi and ensure regular coordination with the Central Government. He said the Bengaluru–Puttaparthi region has the potential to emerge as a major Defence and Aerospace Corridor. He also proposed the development of an airstrip between Tadipatri and Anantapur.
Develop tourism infrastructure
The Chief Minister called for accelerated development of hotels and tourism infrastructure to encourage visitors to spend more time in Andhra Pradesh. He noted interest from hospitality groups, including Mahindra Holidays, in developing beach resorts and tourism projects at Pulicat Lake and tribal regions through partnerships with ITDA.He stressed the need to promote temple tourism and identify emerging spiritual and tourism destinations for investment. He suggested exploring opportunities for yoga centers by Patanjali in Tirupati, Amaravati and Visakhapatnam. Major tourism infrastructure should be developed in Gandikota, Polavaram, Anantapur, Kurnool, Horsley Hills and Suryalanka Beach, he said. A master plan should be prepared for Suryalanka to transform it into a premier beach tourism destination.The Chief Minister also called for integrated infrastructure solutions in Amaravati, including district cooling, piped gas, and pooled utility services to reduce project costs.He emphasized that Andhra Pradesh should emerge as a national hub for Rare Earth Minerals, with a complete end-to-end ecosystem and specialized educational and research institutions.
Affordable housing near Industrial clusters
Referring to the Jonnagiri Gold Mine project, he observed that the area has significant historical and economic importance and could emerge as a major gold production center.The Chief Minister also stressed the need to promote electronics manufacturing and develop satellite townships around Visakhapatnam. He directed officials to ensure the development of affordable housing alongside industrial growth, particularly near major industrial clusters.
Minister for IT and HRD Nara Lokesh stated that incentives and concessions should be extended only after projects are grounded and operational. He noted that faster project execution would generate GST and other revenues for the state, creating a sustainable framework for incentives.He announced plans to establish a Centre of Excellence for Rare Earth Minerals research at Andhra University.Sharing insights from his recent visit to Russia, Nara Lokesh highlighted the successful quantum technology ecosystem developed there and suggested similar efforts in Andhra Pradesh.

Ministers Nara Lokesh, TG Bharat, K. Achchennaidu,  Anagani Satyaprasad, Kandula Durgesh, Payyavula Keshav, BC Janardhan Reddy, State Government Principal Secretary Sai Prasad, and senior officials from various departments participated in this meeting.

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