Amaravati, April 10, 2025 — The Government of Andhra Pradesh, under the leadership of Chief Minister N. Chandrababu Naidu, has approved investment proposals worth ₹31,167 crore from 17 companies during the 5th State Investment Promotion Board (SIPB) meeting held on Thursday. These investments span across key sectors such as Information Technology, Food Processing, Communication, and Renewable Energy, and are expected to generate around 32,633 jobs in the state.

📊 5 SIPB Meetings, ₹4.71 Trillion in Investment, 4.17 Lakh Jobs

Since the formation of the TDP-led NDA government, the state has conducted five SIPB meetings, approving proposals from 57 companies. These proposals represent a cumulative investment of ₹4.71 trillion, with the potential to create over 4.17 lakh employment opportunities across Andhra Pradesh.

The state government emphasized that while the previous administration held only five SIPB meetings in five years, the new regime has matched that number in a much shorter time, accelerating the pace of industrial approvals and investment inflows.

🏢 Key Investment Proposals Cleared

Some of the major approvals from the 5th SIPB meeting include:

• Premier Energies – ₹4,200 crore at MP SEZ, Naidupet
  → Jobs Created: 1,500
• Ma Mahamaaya Industries – ₹2,063 crore in Vizianagaram
  → Jobs Created: 1,000
• LG Vendors – ₹839 crore at Sri City, Tirupati district
  → Jobs Created: 692

The other 14 proposals span sectors like electronics manufacturing, green energy, and IT services, contributing to the state’s vision of becoming a national investment hub.

🗣️ CM Naidu Emphasizes Ground-Level Execution

During the SIPB meeting, Chief Minister Chandrababu Naidu stressed the importance of not just attracting investments, but also ensuring that projects materialize on the ground in a timely manner. He directed officials to monitor the production launch timelines of all approved projects and ensure phase-wise progress tracking.

“It’s not just about MoUs and approvals; timely execution and job creation on the ground are what truly matter,” Naidu said.

He also instructed officials to prepare a detailed report on:

• How many projects have launched production so far
• How many jobs have actually been created
• A proposed online portal to track companies, job numbers, and employment beneficiaries

💡 Focus on IT Sector & Policy Support

Nara Lokesh, Minister for Education, IT & Electronics, also participated in the meeting and recommended that land be allotted to IT companies at nominal prices to attract more technology firms to the state. In response, CM Naidu directed that the existing IT policy be revised to accommodate this proposal and make Andhra Pradesh a more competitive tech destination.

🚀 AP’s Fast-Growing Investment Climate

These developments reflect Andhra Pradesh’s pro-business governance, fast-track approvals, and commitment to job-oriented growth. The state is rapidly becoming a preferred destination for both domestic and international investors in multiple sectors.

For more updates on AP government initiatives, industrial policies, and job opportunities, stay connected with NewsAffair360.

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