Amaravati, May 7 (APAC Media): The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, approved investment proposals worth more than Rs. 2 lakh crore across sectors, including data centres, renewable energy, manufacturing, and infrastructure.
Among the biggest proposals cleared was a major investment by Reliance Industries to establish a large-scale data centre project in Visakhapatnam with an estimated investment exceeding Rs. 1 lakh crore. The SIPB also approved Reliance’s Rs. 51,300-crore solar power project with battery energy storage systems in the Sri Sathya Sai district.
Another major proposal came from Adani Group, which secured approval for a Rs. 12,297-crore pumped storage hydroelectric project in Kadapa. In the manufacturing sector, Royal Enfield received approval for a Rs. 2,508-crore motorcycle manufacturing facility in Tirupati.
The board also cleared the DRDO-linked Quantum Valley project in Amaravati, along with investments in food processing and allied industries.
Reviewing the proposals, Naidu stressed that all approved projects must be grounded and completed within fixed timelines. He directed officials to ensure zero delay in approvals and build Andhra Pradesh’s reputation for fast and transparent clearances.
The Chief Minister also highlighted the importance of supporting MSMEs, calling them essential for achieving the state’s “One Family-One Entrepreneur” vision while emphasising the need for better gas pipeline infrastructure and value addition in agriculture.
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