country
DE
Andhra Pradesh SIPB clears new investment projects worth ₹2.08 lakh crore
[]
Business Line - Home
The Andhra Pradesh State Investment Promotion Board (SIPB) has approved 25 industrial projects involving investments of ₹2,08 lakh crore crore, with the potential to create 21,627 direct jobs.
Three data centre projects in Visakhapatnam and Anakapalli account for ₹1,75,330 crore, or over 84 per cent of the total investment approved.
ReNew AP Green Data Center will invest ₹85,200 crore in Anakapalli district and create 1,880 jobs.
Coromandel International will invest ₹2,125 crore at Moolapeta in Srikakulam district, while Akshat Green Tech plans a ₹1,600-crore project in Visakhapatnam.
Munoth Lithium Battery will invest ₹500 crore in Tirupati district and create 240 jobs.