From Our Correspondent
Amaravati: The the 13th State Investment Promotion Board (SIPB), chaired by Chief Minister N.Chandrababu Naidu cleared ₹20,444 crore in new investments with the potential to create 56,000+ jobs. Six companies that signed agreements at the Visakhapatnam summit received immediate approvals. Naidu said leading companies are once again choosing Andhra Pradesh because the government is providing transparent, fast-track facilitation, reversing the loss of investor confidence seen in the previous regime.
Companies Approved at the 13th SIPB Meet
A total of ₹8.29 lakh crore in investments has been approved across 13 SIPB meetings so far, with potential to generate 7.62 lakh jobs. Newly approved companies include:
-
Chinta GreenEnergy Ltd – ₹8,500 cr – 5,800 jobs
-
Ganeco Three Energy – ₹2,140 cr – 1,000 jobs
-
Shreshtha Renewables – ₹70 cr – 339 jobs
-
QpiAI Labs Pvt Ltd – ₹47 cr – 9 jobs
-
Qubitech Smart Solutions – ₹15 cr – 30 jobs
-
QClairvoyance Quantum Labs Pvt Ltd – ₹14 cr – 5–12 jobs
-
Cybranex – ₹10 cr – 10–15 jobs
-
Qubeats – ₹37 cr – 40 jobs
-
Centella AI – ₹6 cr – 40 jobs
-
Fortytwo42 Technology Innovations – ₹9 cr – 5–8 jobs
-
Cipsa Tech India – ₹1,140 cr – 1,251 jobs
-
Shree Tammina Software Solutions – ₹62 cr – 500 jobs
-
ACN Healthcare RCM – ₹30 cr – 600 jobs
-
Nonrel Technologies – ₹50.67 cr – 567 jobs
-
PVR Hospitalities – ₹225 cr – 1,230 jobs
-
Meglon Leisures – ₹348 cr – 1,700 jobs
-
Yaganti Estates – ₹61 cr – 250 jobs
-
Naandi Hotels – ₹150 cr – 222 jobs
-
Reliance Consumer Products – ₹1,622 cr – 1,200 jobs
-
Ramayapatnam Cargo Terminal – ₹1,615 cr – 1,300 jobs
-
Sagar Defence Engineering – ₹45 cr – 300 jobs
-
TGV SRAAC – ₹1,216 cr – 400 jobs
-
Sri Venkateswara Biotech – ₹122 cr – 184 jobs
-
Emerge Glass Industries Pvt Ltd – ₹182 cr – 415 jobs
-
Zeit Energies – ₹305 cr – 300 jobs
-
Raman Singh’s Global Food Park – ₹141 cr – 600 jobs
-
Gayathri Renewable Fuels & Allied Industries – ₹320 cr – 700 jobs
-
Malladi Pharma – ₹343 cr – 355 jobs
-
Virupaksha Organics Ltd – ₹1,225 cr – 1,500 jobs
-
Ramuka Global Eco Works – ₹193 cr – 426 jobs
-
Mass Fabric Park – ₹200 cr – 35,000 jobs