The ₹2.01 Lakh Crore Surge: AP Greenlights 25 Mega Projects

The State Investment Promotion Board (SIPB), chaired by N. Chandrababu Naidu, has cleared investment proposals worth more than ₹2.01 lakh crore during its 17th meeting, marking a major push toward industrial expansion and infrastructure development in Andhra Pradesh.

The approved proposals include 25 major projects that are expected to create over 39,000 employment opportunities across the state. Reliance Industries has secured approval for a mega data centre project in Visakhapatnam involving an investment of ₹1,08,010 crore. In addition, the company plans to invest ₹51,300 crore in a solar power and battery energy storage project in Sri Sathya Sai district.

Adani Group will establish a pumped storage hydro energy project worth ₹12,297 crore in Kadapa district, while Yamanko India is set to develop a green hydrogen project valued at ₹9,398 crore in Tirupati district.

To strengthen the manufacturing ecosystem, Royal Enfield will invest ₹2,508 crore in a motorcycle manufacturing facility in Tirupati, which is expected to generate nearly 3,000 jobs. Other key investments include a ₹6,100-crore project by Apollo Tyres’ along with several renewable energy and bio-energy initiatives planned across different districts.

The approvals highlight Andhra Pradesh’s continued emphasis on infrastructure growth, clean energy development, and industrial investment, aimed at enhancing economic activity, attracting large-scale investments, and creating employment opportunities across strategic sectors.

News by Rahul Yelligetti.