SIPB approves 14 projects worth Rs 19,391 crore

Amaravati: The 14th State Investment Promotion Board (SIPB), which met here on Tuesday approved 14 new projects envisaging an investment of Rs.19,391 core the potential for employment of 11,753.

Presiding over the meeting held at the Secretariat, Chief Minister N. Chandrababu Naidu directed the Ministers and officials to work with the same enthusiasm in 2026 as well, saying they could get good results due to teamwork in 2025.

The 14th SIPB meeting approved various investments in industries, tourism, food processing and energy sectors. Since the coalition formed the government, SIPB meetings have so far approved investments worth Rs.8,74,705 crore creating employment opportunities for 8,35,675 people.

As the SIPB meeting began, Ministers and senior officials of various departments, including the Chief Secretary K. Vijayanand wished the Chief Minister a Happy The Chief Secretary told the Chief Minister that they have been able to make huge investments in 2025. On this occasion, the Chief Minister said “everyone has done a wonderful job for the State in 2025. The brand image that was lost during the previous government’s rule has returned to the State and large scale investments have come. Big industries are investing in Andhra Pradesh. Big companies like Google, Tata, Jindal, Birla, Adani, Reliance, TCS, Cognizant have invested in Andhra Pradesh. Ministers and officials should take responsibility without making any small mistake, the Chief Minister opined.

“We have done a great job in the electricity sector. We have reduced the electricity charges by 13 paise. Without passing on the burden of Rs. 4500 crore true-up charges on the public, we have decided to absorb it,” Naidu pointed out.