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Time of India
23-07-2025
- Business
- Time of India
Andhra SIPB clears Rs 20,216 cr in fresh investments; 50,600 jobs in pipeline
The ninth SIPB meeting of Andhra Pradesh, chaired by Chief Minister N Chandrababu Naidu on Tuesday, approved four projects worth Rs 20,216 crore, with the potential to generate employment for 50,600 people. According to an official statement, the projects approved by the State Investment Promotion Board were from Sify Infinity Spaces Ltd , Sattva Developers Pvt Ltd, BVM Energy and Residency Pvt Ltd, and ANSR Global Corporation Pvt Ltd. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Artificial Intelligence Data Analytics Management MBA PGDM Technology healthcare MCA Product Management Operations Management others Finance Project Management Cybersecurity Leadership Data Science Design Thinking Data Science Healthcare Degree Public Policy CXO Others Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details "Four more companies have come forward to invest in the state. Prestigious organisations such as Sify, Sattva, BVM, and ANSR have proposed investments worth Rs 20,216 crore, which were approved at the ninth SIPB meeting chaired by the chief minister," the statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cat Keeps Hugging its Friend - Then the Owner Notices Something is Wrong Tips and Tricks Undo As part of the investment proposals, Sify Infinity Spaces Ltd is expected to invest Rs 1,466 crore in the first phase and Rs 15,000 crore in the second phase. Sify will set up a data centre, bringing its total investment to Rs 16,466 crore, it added. Live Events Similarly, Sattva Developers Pvt Ltd is expected to invest Rs 1,500 crore in Visakhapatnam and Madhurawada, while BVM Energy and Residency Pvt Ltd plans to invest Rs 1,250 crore. ANSR Global Corporation Pvt Ltd is also expected to invest Rs 1,000 crore in Visakhapatnam and Madhurawada. So far, the TDP-led NDA government has approved investments worth nearly Rs 6 lakh crore under 113 projects through the SIPB route, it further said.
News18
23-07-2025
- Business
- News18
Andhra SIPB clears Rs 20,216 cr in fresh investments; 50,600 jobs in pipeline
Amaravati, Jul 23 (PTI) The ninth SIPB meeting of Andhra Pradesh, chaired by Chief Minister N Chandrababu Naidu on Tuesday, approved four projects worth Rs 20,216 crore, with the potential to generate employment for 50,600 people. According to an official statement, the projects approved by the State Investment Promotion Board were from Sify Infinity Spaces Ltd, Sattva Developers Pvt Ltd, BVM Energy and Residency Pvt Ltd, and ANSR Global Corporation Pvt Ltd. 'Four more companies have come forward to invest in the state. Prestigious organisations such as Sify, Sattva, BVM, and ANSR have proposed investments worth Rs 20,216 crore, which were approved at the ninth SIPB meeting chaired by the chief minister," the statement said. As part of the investment proposals, Sify Infinity Spaces Ltd is expected to invest Rs 1,466 crore in the first phase and Rs 15,000 crore in the second phase. Sify will set up a data centre, bringing its total investment to Rs 16,466 crore, it added. Similarly, Sattva Developers Pvt Ltd is expected to invest Rs 1,500 crore in Visakhapatnam and Madhurawada, while BVM Energy and Residency Pvt Ltd plans to invest Rs 1,250 crore. So far, the TDP-led NDA government has approved investments worth nearly Rs 6 lakh crore under 113 projects through the SIPB route, it further said. PTI STH SSK (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
