Andhra Pradesh SIPB Clears ₹33,000 Crore Investments, Over 34,000 Jobs Expected

Amaravati, May 15 — In a significant boost to Andhra Pradesh's industrial landscape, Thursday's sixth State Investment Promotion Board (SIPB) meeting approved 19 significant investment proposals amounting to over ₹33,000 crore. These projects, spanning energy, information technology, electronics, tourism, and textiles, are expected to generate over 34,000 employment opportunities, marking a strong push toward economic revival in the state.

Key Investment Highlights​

In an official statement, Chief Minister N. Chandrababu Naidu emphasized the transformational potential of the approved projects. Major proposals include:

• Bondada Engineering: ₹9,000 crore
• Ampplus Energy: ₹3,941 crore
• Daikin India: ₹2,475 crore
• Wingtech Mobile (Tirupati): Over ₹1,000 crore with more than 10,000 jobs expected

Naidu revealed that these investments would act as a catalyst for industrial resurgence and are part of a broader mission to restore investor confidence in Andhra Pradesh.

Tourism Infrastructure and Circular Economy Focus​

The Chief Minister also unveiled plans to scale up tourism infrastructure, proposing: significantly.

• Addition of 50,000 hotel rooms
• Development of affordable accommodations near 21 major temples
• Introduction of new caravan tourism policies to enhance visitor experiences

In line with environmental goals, Naidu advocated for a circular economy approach. He urged promoting industries that convert agricultural waste into usable industrial inputs through smaller processing plants and establishing eco-friendly units that use agri-waste materials.

Real-Time Project Monitoring​

To ensure timely execution, Naidu directed officials to track all approved projects from foundation to completion via a real-time dashboard. This system will provide comprehensive updates on project progress, investment deployment, and job creation.

Massive Investment Pipeline​

Over the past 11 months, SIPB has approved 76 projects worth more than ₹5 lakh crore, projected to create over 4 lakh direct and indirect jobs across Andhra Pradesh.

Renewed Investor Confidence​

Reaffirming the state’s pro-investment stance, Naidu stated that his government is making concerted efforts to win back the trust of industrialists, which had declined under previous policy regimes. This renewed confidence is reflected in the robust pipeline of investments and commitments flowing into the state.


The recent approvals underscore Andhra Pradesh's ambition to emerge as a leading destination for diverse industries and sustainable development.