Chandrababu Naidu clears Rs 28,546 crore projects, to create 30,000 jobs in state
In a boost to industrial development, the Andhra Pradesh government, under the leadership of Chief Minister N Chandrababu Naidu, approved investment proposals worth Rs 28,546 crore at the 7th meeting of the State Investment Promotion Board (SIPB). The 19 approved projects are expected to generate over 30,000 jobs across the state.With this round of approvals, the cumulative investments sanctioned under the Naidu-led government have now reached Rs 5.34 lakh crore, with an estimated 4.73 lakh job opportunities created across all seven SIPB meetings held so far.advertisement
The cleared proposals span key sectors including information technology, renewable energy, manufacturing, and hospitality. Notable names among the investors include Cognizant, Adani Energy, Raymond, and Reliance, among others, signaling strong industry confidence in Andhra Pradesh's growth prospects.Among the major investments, Cognizant is set to establish a state-of-the-art IT campus in Visakhapatnam with a Rs 1,582 crore investment that will create 8,000 jobs. Raymond's Rs 1,202 crore proposal will lead to 6,571 jobs, following earlier discussions between IT Minister Nara Lokesh and Raymond Chairman Gautam Hari Singhania. The Adani Group has committed over Rs 18,900 crore in green and hydropower projects across Kadapa and other districts, while Reliance Consumer Products will invest Rs 1,622 crore in Orvakal, generating 1,200 jobs.Other projects cleared include ventures in logistics, agro-processing, precision manufacturing, and luxury hospitality, with investments spread across regions like Anantapur, Chittoor, Tirupati, Amaravati, East Godavari, and Sri Sathya Sai district. advertisementChairing the meeting, Chief Minister Naidu emphasised the importance of balanced regional development and youth empowerment, stating that locals should be the primary beneficiaries of the jobs being created.He stressed that skill development must be treated as a core policy objective, aligning with the government's broader vision for inclusive economic growth. The swift pace of investment approvals is seen as a result of targeted outreach efforts led by IT Minister Nara Lokesh, who has been actively engaging with industry leaders to position Andhra Pradesh as a top destination for businesses.Written by Leju Joy. R
IN THIS STORY#Andhra Pradesh
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