Andhra Pradesh SIPB approves 22 projects worth Rs 39,473 crore

Since the formation of the coalition government, eight SIPB meetings have cleared 109 projects worth ₹5.74 lakh crore, with the potential to generate over 5 lakh employment opportunities.

Published Jul 18, 2025 | 10:23 AM ⚊ Updated Jul 18, 2025 | 10:23 AM

Andhra Pradesh Chief Minister Chandrababu Naidu. (Supplied)

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Synopsis: The 8th SIPB meeting, led by CM Chandrababu Naidu, approved 22 projects worth ₹39,473 crore, creating 30,899 jobs across Andhra Pradesh. These span sectors like energy, pharma, hospitality, and retail, with major investments from Laurus Labs, JSW, ReNew, and Lulu Group. The state aims to build strong infrastructure, institutional support, and community engagement around these projects.

The eighth State-Level Investment Promotion Board (SIPB) meeting chaired by Chief Minister N Chandrababu Naidu approved 22 new projects worth ₹39,473 crore, expected to create 30,899 jobs across the state.

The chief minister emphasized creating a robust ecosystem around these projects with infrastructure, institutional linkages, and community engagement.

Since the formation of the coalition government, eight SIPB meetings have cleared 109 projects worth ₹5.74 lakh crore, with the potential to generate over 5 lakh employment opportunities.

Also Read: Andhra Pradesh struggles despite modest uptick in Q1 tax collections for 2025–26

Approved projects

Here’s the list of approved projects along with the number of jobs they are expected to create.

Phinam People Pvt. Ltd: ₹205 crore in Visakhapatnam, expected to create 2,500 jobs
Sreeja Mahila Producer Company: ₹282 crore in Chittoor, expected to create 1,400 jobs
ReNew Vyoman Power Ltd: ₹1,800 crore in Kurnool and Nandyal, expected to create 380 jobs
ReNew Vikram Shakti Pvt. Ltd: ₹3,600 crore in Kurnool and Nandyal , expected to create 760 jobs
JSW Neo Energy: ₹2,000 crore in Kadapa, expected to create 1,380 jobs
PVS Rammohan Industries: ₹204 crore in Srikakulam, expected to create 1,000 jobs
PVS Group: ₹102 crore in Vizianagaram, expected to create 500 jobs
RVR Pvt. Ltd: ₹4,708 crore in Nandyal , expected to create 1,200 jobs
ITC Hotels Ltd: ₹328 crore in Visakhapatnam, expected to create 1,100 jobs
Lonesome Leisures Ltd: ₹86 crore in Visakhapatnam, expected to create 720 jobs
Star Turn Hotels LLP: ₹165 crore in Tirupati, expected to create 280 jobs
Greenlam Ltd.: ₹1,147 crore in Naidupeta SEZ and Tirupati, expected to create 1,475 jobs
Axxelent Pharma Pvt. Ltd: ₹1,358 crore in SriCity and Tirupati, expected to create 1,770 jobs
Agastya Energy Industries Ltd: ₹6,933 crore in Kurnool, expected to create 2,138 jobs
JSW AP Steel Plant: ₹4,500 crore in Kadapa, expected to create 2,500 jobs
ReNew Photovoltaic Pvt. Ltd: ₹3,700 crore in Anakapalli, expected to create 1,200 jobs
LaurusLabs: ₹5,630 crore in Rambilli, and Anakapalli, expected to create 6,350 jobs
Lulu Shopping Malls International Ltd: ₹1,222 crore in Vizag and Vijayawada, expected to create 1,500 jobs
Ace International: ₹1,000 crore in Kuppam, Chittoor, expected to create 2,000 jobs
VSR Sercon: ₹39 crore in Srikakulam, expected to create 246 jobs
Avisha Foods & Fuels: ₹500 crore in Mallavalli and Krishna, expected to create 500 jobs