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The 16th State Investment Promotion Board (SIPB) has approved 31 projects, with a total investment of ₹39,436.84 crore and potential to generate 1,11,278 employment opportunities across key sectors in Andhra Pradesh.
A significant share of these investments comes from the power sector, which includes eight projects worth ₹12,552 crore and is set to create 69,070 jobs, highlighting the State’s strong push towards energy-led growth.
Chairing the SIPB meeting on Tuesday, Chief Minister N. Chandrababu Naidu directed officials to strategically utilise the State’s vast solar potential, particularly in the Rayalaseema, to transform the region into a major solar energy hub.
He emphasised the need for large-scale investments in renewable energy and the development of strong transmission infrastructure to support both intra-State and future inter-State power supply.
The officials said the State has the potential to generate up to 325 GW of solar power.
Stressing proactive planning, Mr. Naidu called for enhanced connectivity between the State and central grids to ensure the efficient utilisation of power and to avoid challenges faced by other States where surplus energy remains underused.
IT and HRD Minister Nara Lokesh underlined the importance of strengthening grid systems for seamless power distribution.
In addition to renewable energy, the Chief Minister highlighted the need to attract investments to the consumer electronics manufacturing sector and promote Global Capability Centers (GCCs) to position Andhra Pradesh as a preferred destination for advanced services.
He also stressed the importance of utilising agricultural and aquaculture waste to produce eco-friendly by-products.
Mr. Naidu directed officials to ensure strict industrial safety standards, fast-track project implementation, and progress monitoring.
With these approvals, the State continues to strengthen its industrial base while accelerating employment generation and sustainable development, he said.
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