Chief Minister N. Chandrababu Naidu presiding over the SIPB meeting at the Amaravati Secretariat on Wednesday. | Photo credit: Special arrangement
At the 17th meeting of the State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, the Andhra Pradesh government approved investments worth over ₹ 2.01 crore, paving the way for 25 major projects and employment opportunities for over 39,000 people.
Reliance Industries has received the green signal to build a mega data center in Visakhapatnam with an investment of ₹ 1,08,010 crore. The company will also set up a solar power project along with battery energy storage system in Sri Sathya Sai district with an outlay of ₹51,300 crore.
Adani Group will set up a pumped hydropower project in Kadapa district at a cost of ₹ 12,297 crore. In addition, Yamanko India Private Limited’s green hydrogen project in Tirupati district will see an investment of ₹9,398 crore.
Fueling industrial growth, Royal Enfield will set up a motorcycle manufacturing unit in Tirupati district with an investment of ₹2,508 crore, which is expected to create around 3,000 jobs.
Other major industrial investments include the ₹6,100 crore Apollo Tires project and numerous bio-energy and renewable initiatives across the districts.
At the meeting, the Chief Minister emphasized that every investment proposal must be reflected in a substantiated project within the specified time horizon. Ensure that approvals are granted without delay and recognize the need to build a strong ‘AP brand’ known for ease and speed of vetting, he said, calling for appointment of proactive officials at key positions to facilitate investment effectively.
Mr. Naidu emphasized the importance of small and medium enterprises and said that they play a key role in achieving the vision of “One Family – One Entrepreneur”.
He urged the development of infrastructure such as gas pipelines in industrial clusters and highlighted the exploitation of opportunities in food processing and value addition in crops such as oil palm, mango, coconut and cocoa for the benefit of farmers.
The SIPB approvals cover sectors including energy, IT, food processing and manufacturing, representing one of the largest investment approvals by the state in recent times. The meeting was attended by senior officials, ministers and representatives of departments.
Published – May 6, 2026 6:38 PM IST
