The Andhra Pradesh State Investment Promotion Board (SIPB) in its third meeting, chaired by Chief Minister Nara Chandrababu Naidu at the Secretariat here on Thursday, granted approval for 15 projects worth ₹44,776 crore. With this, the total value of investments approved by the SIPB has surpassed ₹3 lakh crore.
In the first SIPB meeting, investments worth ₹83,987 crore were approved, and in the second SIPB meeting, investments to the tune of ₹1,82,162 crore were approved. In Thursday’s meeting, an additional ₹44,776 crore worth of investments were approved. These 15 projects will create 19,580 jobs. Since the coalition government took office, SIPB has approved investments worth ₹3,10,925 crore, with an employment generation for 3,12,576 people.
The Chief Minister highlighted the satisfactory response from major companies and national and international industrialists interested in investing in the State. He urged officials to engage with companies such as DP World from Dubai and AP Muller Marks from Denmark, which showed interest in investing in the State during the Davos visit, to coordinate and finalise investments. He emphasised using every opportunity to secure investments for the State, including focusing on the tourism sector to achieve 20% growth in the area.
Details of investments
The 15 projects approved in Thursday’s SIPB meeting will come in the renewable energy and food processing sectors.
Navayuga Engineering will set up a 1,500 MW project in Gojjili, Alluri Sitarama Raju district, and 800 MW project in Chitthamvalasa, with an investment of ₹14,328 crore. These projects will provide employment to 3,450 people. Megha Engineering and Infrastructure Ltd. plans to set up a pumped storage project in Kommuru, Annamayya district, with an investment of ₹10,300 crore, providing employment to 3,000 people. Aspari Renewable Private Limited will set up a 118.80 MW wind power project in Anantapur and Sri Satya Sai districts, with an investment of ₹972.23 crore by creating employment to 150 people.
Anantapur Renewable Private Limited will establish a 178.20 MW wind power project in Anantapur with an investment of ₹972.23 crore, providing jobs to 225 people. Similarly, Kadapa Renewable Private Limited plans to set up a 231 MW wind power project in Sri Satya Sai district with an investment of ₹1,163.11 crore, creating employment for 300 people. Another company, Ecoren Energy India Pvt. Ltd. is setting up a 201.30 MW wind power project in Anantapur and Sri Satya Sai districts with an investment of ₹1,651 crore, providing employment to 255 people. Ayana Renewable Power Pvt. Ltd., part of Ecoren Limited, will set up a renewable energy plant in Kurnool district with an investment of ₹4,435 crore, with a capacity of 498.30 MW and will provide employment to 630 people.
Ampin Energy Transition Pvt. Ltd., also from Ecoren Limited, plans to set up a 350 MW wind-solar hybrid power centre in Kurnool and Nandyal with an investment of ₹3,142 crore. The project will generate 1,200 jobs. SAEL Solar is setting up two 300 MW solar power plants, totalling 600 MW, with an investment of ₹3,456 crore in Anantapur, Kadapa, and Nandyal, providing employment to 2,070 people. Tata Power is setting up a 400 MW solar power centre in Anantapur with an investment of ₹2,000 crore. This project will create 1,380 jobs.
NSL Renewable CPP Pvt. Ltd. will set up a 50 MW wind-solar hybrid power plant with an investment of ₹567 crore, by providing employment to 170 people. Coromandel International Ltd. has proposed to expand its fertilizer plant in the Kakinada district with an investment of ₹1,539 crore, creating employment for 750 people.
ALEP (Association of Lady Entrepreneurs of India) is setting up a food processing project in Kodur with an investment of ₹305 crore, creating employment for 6,000 people. EMC Kopparthi is also investing in food processing projects in Kadapa district.
