The TDP-led coalition is prioritising industrial growth to tackle unemployment and revive the economy, while SIPB approvals and Naidu’s regional focus aim to offset criticism over unmet welfare and job promises
Published Jun 20, 2025 | 9:28 AM ⚊ Updated Jun 20, 2025 | 9:28 AM
Andhra Pradesh Government approves ₹28,546 crore in industrial investments to drive growth in backward regions
Synopsis: In a push for balanced regional growth, the Andhra Pradesh government has cleared 19 new industrial projects worth ₹28,546 crore. Approved at the SIPB meeting on 19 June, the initiatives prioritize backward regions, focusing on job creation, skill development, and sectors like IT and tourism. CM Naidu also announced extra incentives for industries in underdeveloped areas
In a strategic move to drive growth in the backward regions, the Andhra Pradesh government has approved 19 projects promising an investment of ₹ 28,546 crore, at a meeting of the state Industrial Investments Board at secretariat in Amaravati on Thursday, 19 June.
The government has prioritized local employment, skill development, and sectors like tourism and IT with an aim to address the state’s unemployment crisis and fiscal challenges.
Chief Minister N. Chandrababu Naidu, while putting his stamp of approval on the industries proposed to be set up, announced additional incentives for industries that come up in the state’s backward regions.
Speaking at the 7th SIPB board meeting, Naidu pointed out that industrial growth in the backward areas would drive regional development, create local employment, and ensure wealth distribution across the state.
With the approval of 19 projects worth ₹28,546 crore which are expected to generate 30,270 jobs, the cumulative number of approvals from seven SIPB meetings, has risen to ₹5,34,684 crore, projected to create 4,73,969 jobs, The initiative is in tune with the coalition government’s goal of balanced regional development, ensuring that investments are evenly distributed across Andhra Pradesh.
The TDP-led coalition government is focusing on industrial growth to address unemployment and stimulate economic recovery. The SIPB’s approvals and Naidu’s emphasis on backward regions seem to be aimed at countering criticisms of unfulfilled welfare promises, such as the Super Six schemes and certain areas of governance remaining laggards like employment generation:
Naidu stressed that industries must prioritize local hiring, with skill development programmes to equip youth for these opportunities. “Our goal is uniform development across all regions,” he said, directing officials to ensure companies establish units within stipulated timelines.
To support entrepreneurship, the government is establishing Micro, Small, and Medium Enterprise (MSME) parks in every constituency under the “One Family, One Entrepreneur” initiative.
Naidu said that as tourism, IT, and food processing are key growth drivers, entrepreneurs could capitalise on opportunities in these sectors. Specific projects include boat tourism at Papikondalu and luxury boat/cruise ship operations in Visakhapatnam and other coastal areas.
He directed the officials to ensure infrastructure support for industrial projects and to expedite construction by companies in the hospitality sector. To enhance transparency, investment and job creation data will be uploaded to an online portal. To accelerate investment approvals, Naidu instructed that SIPB meetings be held twice monthly, targeting at least 25 meetings annually.
Raymond: ₹1,201 crore, 6,571 jobs (various locations).
G. Infra Precisions Limited: ₹1,150 crore, 299 jobs (Anantapur).
Sangam Dairy Private Limited: ₹130 crore, 400 jobs (Tirupati).
Cognizant Technology Solutions India Pvt. Ltd.: ₹1,583 crore, 8,000 jobs in three phases (Visakhapatnam).
3F Oil Palm Pvt. Ltd.: ₹224 crore, 750 jobs (East Godavari).
ABIS Proteins Pvt. Ltd.: ₹350 crore, 790 jobs (Chittoor).
Reliance Consumer Products Ltd.: ₹1,622 crore, 1,200 jobs (Orvakallu).
Melgaon Leisures and Entertainment LLP: ₹225 crore, 350 jobs (Eluru).
Pavani Hotels Lemon Tree Premier: ₹80 crore, 300 jobs (Tirupati).
Green Park Hotels and Resorts Ltd.: ₹145 crore, 250 jobs (Amaravati).
Berry Alloys Ltd.: ₹573 crore, 320 jobs (Sri Sathya Sai district).
Chinta Green Energy Pvt. Ltd.: ₹2,323 crore, 540 jobs (Kadapa).
Adani Renewable Energy Fifty-One Ltd.: ₹8,010 crore, 3,500 jobs (Kadapa).
Channel Play: ₹80 crore, 1,100 jobs (Kopparthy).
Adani Hydro Energy Four Ltd. and Adani Hydro Energy One Ltd.: ₹10,900 crore, 7,000 jobs (various districts).
Additional proposals include investments and modifications by BPCL, KSSL, LT Electronics, and Krishnapatnam Power Corporation.
(Edited by Ananya Rao)
