Andhra Pradesh is witnessing a significant economic surge as the State Investment Promotion Board (SIPB) officially cleared proposals worth ₹19,391 crore. Chief Minister Chandrababu Naidu chaired the high-level meeting on Tuesday, marking a major milestone in the state’s industrial journey. This massive capital injection comes from 14 prominent companies across diverse sectors including green energy, tourism, and food processing.

The approved projects are set to transform the local job market by creating over 11,700 new employment opportunities. Among the notable approvals, Tata Power is slated to invest ₹6,675 crore in Nellore, while Shirdi Sai Electricals will establish a ₹5,571 crore project in Kadapa. These investments underscore a growing confidence in the state’s business-friendly policies and infrastructure readiness.

During the session, the Chief Minister also launched the ‘AP IT Infra Connect’ portal to streamline digital infrastructure management. He emphasized the need for a comprehensive master plan to develop beach tourism, aiming to position Andhra Pradesh as a premier global destination. The government is also focusing on food processing units in the Tirupati region to support local farmers through value addition.

To further ease the burden on the public, the state government announced it would absorb ₹4,500 crore in electricity true-up charges. This move, coupled with a recent reduction in power tariffs, is designed to make the state more attractive for energy-intensive industries like data centers. The administration remains committed to maintaining a transparent and accountable investment climate to ensure rapid grounding of these projects.