Andhra Pradesh's Economic Leap: SIPB Approves Investments Worth Over Rs 1.21 Lakh Crore

The Andhra Pradesh State Investment Promotion Board, led by CM N Chandrababu Naidu, approved investments of over Rs 1.21 lakh crore from 10 companies, creating over 80,000 jobs. Key investors include Satyavedu Reserve Infracity, Indosol Solar, and AP NGEL Harith Amrit. The CM emphasized monitoring and MSME development.

The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N Chandrababu Naidu, announced the approval of investments worth more than Rs 1.21 lakh crore from a group of 10 companies.

These investments are expected to generate around 80,104 jobs, with significant contributions from companies such as Satyavedu Reserve Infracity Pvt Ltd (Sri City), Indosol Solar Pvt Ltd, and AP NGEL Harith Amrit Ltd.

During the fourth SIPB meeting at the Secretariat, the Chief Minister reviewed proposals spanning industries, power, and tourism, underscoring the state's emphasis on rapid industrialization. He instructed officials to monitor the investments proactively and stressed the development of MSME parks and Ratan Tata Innovation Centres.

(With inputs from agencies.)