Andhra SIPB approves total of Rs 33,000 crore worth of investments for 19 projects

Andhra CM Naidu directed officials to track each project's status from MoU signing to groundbreaking and final commissioning through a dedicated dashboard.

Hyderabad: The 6th meeting of the Andhra Pradesh State Investment Promotion Board (SIPB), on Thursday, approved 19 new industrial projects worth Rs 33,720 crore. These investments are expected to generate employment for 34,621 people across key sectors such as energy, tourism, IT, and electronics.

So far, in the last 11 months, the SIPB has convened six times and cleared 76 projects with a total investment of Rs 4,95,796 crore. These projects are projected to create over 4.5 lakh employment opportunities in the state.

Chief Minister N Chandrababu Naidu during the SIPB meeting highlighted the importance of close monitoring of project progress. He directed officials to track each project's status from MoU signing to groundbreaking and final commissioning through a dedicated dashboard. The dashboard will also track job creation and real-time project updates, ensuring transparency and accountability.

Naidu also focused on enhancing tourism infrastructure, stating that the state aims to create 50,000 hotel rooms to boost tourist inflow. Affordable accommodation, better temple-area facilities, and eco-tourism initiatives like tent accommodations and riverfront spiritual activities were among the suggestions discussed.

On industrial sustainability, the Chief Minister stressed the need to avoid burning agricultural waste and proposed setting up small-scale plants to convert such waste into resources through circular economy models.

Details of Investments Approved in 6th SIPB Meeting:

Industries and Commerce Department:

1. Deccan Fine Chemicals (India) Pvt Ltd – Kumaravaram, Anakapalli: Rs 1,560 crore; 1,800 jobs

2. Bharat Electronics Ltd – Palasamudram, Sri Sathya Sai: Rs 1,400 Cr; 800 jobs

3. PUR Energy Pvt Ltd – Orvakal, Kurnool: Rs1,286 Cr; 1,200 jobs

4. Blue Jet Healthcare Ltd – Rambilli, Anakapalli: Rs 2,300 Cr; 1,750 jobs

5. Jupiter Renewables Pvt Ltd – Rambilli, Anakapalli: Rs 2,700 Cr; 2,216 jobs

Textile Department:

6. Rambhadra Industries Pvt Ltd – Tanuku, West Godavari: Rs 228 Cr; 250 jobs

7. Mohan Spintex – Malavalli, Krishna: Rs 482 Cr; 1,525 jobs

8. ATC Tyres AP Pvt Ltd – Achyutapuram, Anakapalli: Rs 1,779 Cr; 600 jobs

APIIC Department:

9. Wingtech Mobile Communications (India) Pvt Ltd – Tirupati: Rs 1,061 Cr; 10,098 jobs

10. ALEAP Kuppam – Chittoor: Rs 5 Cr; 1,500 jobs

Energy Department:

11. Nithin Sai Constructions Pvt Ltd – Eluru: Rs150 Cr; 500 jobs

12. Deshraj Solar Energy Pvt Ltd – Anantapur & Sri Sathya Sai: Rs 2,920 Cr; 230 jobs

13. Amplus Energy Solutions Pvt Ltd – Kadapa: Rs3,941 Cr; 260 jobs

14. Bondada Engineering Ltd – Anantapur & Sri Sathya Sai: Rs 9,000 Cr; 3,900 jobs

Tourism Department:

15. Bengal Ultimate Resorts LLP – Tirupati: Rs 150 Cr; 350 jobs

16. Sravanti Hotels & Resorts Pvt Ltd – Tirupati: Rs 327 Cr; 570 jobs

17. Varun Hospitality Pvt Ltd – Visakhapatnam: Rs 899 Cr; 1,300 jobs

IT Department:

18. Daikin Air Conditioning India Pvt Ltd – Sri City, Tirupati: Rs2,475 Cr; 5,150 jobs

19. Sensorom Photonics India Pvt Ltd – Kurnool: Rs 1,057 Cr; 622 jobs