The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N Chandrababu Naidu, approved investments worth over Rs 1.21 trillion from 10 companies.

The approved investments have the potential to create 80,104 jobs, including Rs 25,000 crore from Satyavedu Reserve Infracity Pvt Ltd (Sri City), Rs 58,469 crore from Indosol Solar Pvt Ltd, and Rs 22,000 crore from AP NGEL Harith Amrit Ltd, among others.

"At the fourth SIPB meeting held at the Secretariat, the Chief Minister reviewed new investment proposals in the industries, power, and tourism sectors. 

The SIPB approved Rs 1,21,659 crore in investments from 10 companies, which will create 80,104 jobs," a press release stated.