Andhra Pradesh CM Chandrababu Naidu
Andhra Pradesh State Investment Promotion Board (SIPB) has approved 31 new investment proposals involving a total investment of ₹39,436 crore with a potential to generate 1,11,278 direct jobs across various industries.
The 16th SIPB, chaired by Chief Minister N Chandrababu Naidu, met in the State secretariat in Amaravati on Tuesday. The approved proposals also included investments for three companies in Amaravati Quantum Valley and other projects for utilising agriculture, horticulture, and aquaculture waste to produce value-added byproducts such as ethanol.
SOLAR HUB
Speaking on the occasion, the Chief Minister directed officials to fully utilise the state’s vast potential in solar power generation with a special focus on developing the Rayalaseema region as a major renewable energy hub.
There was a need to attract large-scale investments in solar energy projects, particularly in Rayalaseema districts, he said, while directing the officials to plan and develop robust transmission infrastructure to enable power supply to other states in the future.
Solar parks should be set up in Rayalaseema, and transmission lines should be strengthened to connect with both state and national grids and enable interstate power supply. The State was aiming to be a key hub for consumer electronics manufacturing with a focus on regions including Sri City, Kopparthy and Anantapur.
The State Government was committed to becoming a leader in renewable energy, electronics manufacturing and sustainable industrial growth, while ensuring safety and timely execution of projects, he added.
Published on April 7, 2026
