Andhra Pradesh SIPB Approves 11 Investment Proposals Worth ₹9,076 Crore
The State Investment Promotion Board (SIPB) has approved 11 investment proposals in Andhra Pradesh. Chief Minister N. Chandrababu Naidu chaired the 19th SIPB meeting where the approvals were granted. The approved projects involve an estimated total investment of ₹9,076.11 crore and have the potential to generate 10,531 jobs across the state.
The approved projects span manufacturing, renewable energy, logistics, mining, and food processing sectors. Among the major proposals is a ₹2,200 crore project by the Adani Foundation in Visakhapatnam district. Mondelez India Foods Pvt Ltd will invest ₹1,801 crore in a food processing unit at Sri City in Tirupati district.
Akshat Greentech has secured approval for an estimated ₹1,600 crore solar cell and module manufacturing unit at Parawada in Anakapalle district. Berry Alloys Ltd will invest ₹1,200 crore in an integrated manganese sinter, DRI and carbon paste plant at the Bobbili Growth Centre.
Eco Box Industrials Asset IV Pvt Ltd has received approval for a ₹1,008 crore logistics and light industrial park in Visakhapatnam, while Geo Mysore India Pvt Ltd will develop a ₹689 crore gold mining project in Kurnool district. Together, the approved investments are expected to expand manufacturing, logistics, mining, renewable energy, and food processing infrastructure across Andhra Pradesh.