Amaravati, December 05, 2025: The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N Chandrababu Naidu, greenlit investment proposals worth Rs 20,444 crore on Friday, a haul expected to spawn 56,278 jobs across emerging sectors like quantum computing, AI, green energy, logistics, and tourism.
The approvals, drawn from the recent CII Partnership Summit in Visakhapatnam, form part of a staggering Rs 8.29 lakh crore submission pipeline that could create 7.62 lakh roles statewide, underscoring Andhra's resurgence as an investor magnet after years of stalled momentum.
"Leading companies are choosing Andhra Pradesh because of the government's speed of business," Naidu said, crediting transparency and support like water, electricity, and land for the influx. Within 20 days of the summit, Rs 7.69 lakh crore in agreements have shifted to implementation, with land allotments underway and a Rs 500 crore sovereign fund proposed to lure more across UAE-style models.
The nod highlights six summit signatories, including allocations for 50 acres in Vizag's Kapuluppada for hotels and convention centres to boost tourism infrastructure. Naidu directed the launch of 75 MSME parks before the World Economic Forum in Davos, aiming to democratize growth.
The board also fast-tracked universities for logistics, civil aviation, green energy, and the Ratan Tata Innovation Hub for startups, alongside Quantum Valley's six towers focused on algorithms and AI. Naidu called for a monitoring mechanism with the Chief Minister, Chief Secretary, and district collectors to streamline land acquisition and project grounding, ensuring no disruptions.
