Amaravati: The State Investment Promotion Board (SIPB) of Andhra Pradesh has approved investments worth ₹1.14 lakh crore across multiple sectors, marking a major boost to the state’s industrial growth. Over 30 projects have received clearance in sectors including IT, energy, tourism, aerospace, and food processing.
Among the biggest proposals is a massive ₹87,520 crore investment by Radiant Infotech for establishing a data center — one of the largest single investments in the state’s history. Officials highlighted that such a scale of investment has never been seen before in Andhra Pradesh.
Ministers attending the meeting congratulated IT Minister Nara Lokesh for successfully attracting large-scale investments to the state. The approvals are expected to create thousands of jobs and strengthen Andhra Pradesh’s position as a fast-emerging hub for technology, infrastructure, and industrial development.
