From Our Correspondent
Amaravati: Andhra Pradesh has taken another significant step in advancing its industrialisation agenda, with the State Investment Promotion Committee (SIPC) reviewing investment proposals worth ₹71,602.60 crore across strategic sectors including data centres, solar manufacturing, electronics, lithium-ion batteries, defence production and chemicals.
The proposals, if approved by the State Investment Promotion Board (SIPB) chaired by Chief Minister N. Chandrababu Naidu, are expected to generate 14,190 direct employment opportunities across the state.
The SIPC, chaired by Chief Secretary G. Sai Prasad, met on Friday to evaluate fresh investment proposals as well as amendments to previously approved projects, extension requests and fee waiver proposals related to industrial approvals.
Mega data centre tops the list
The single largest proposal came from Data Centre Holdings India LLP, which has proposed establishing a large-scale data centre facility in Visakhapatnam with an investment of ₹58,743 crore.
The company plans to execute the project in five phases over the next ten years, creating an estimated 1,250 jobs. If approved, the project would further strengthen Visakhapatnam’s position as Andhra Pradesh’s emerging digital infrastructure hub, complementing the state’s broader strategy of attracting hyperscale data centre investments.
Major renewable energy investments
Among the renewable energy proposals, Agastya Green Energy Ltd. has sought 156.96 acres in the Guttapadu Industrial Park in Kurnool district to establish an integrated 12 GW solar ingot and 12 GW solar wafer manufacturing facility.
The project entails an investment of ₹7,799.96 crore and is expected to create around 1,000 jobs.
Electronics and battery manufacturing
The committee also reviewed a proposal from AIL Dixon India Pvt. Ltd. to establish an electronics manufacturing unit at the Kopparthy Electronics Manufacturing Cluster (EMC) in YSR Kadapa district with an investment of ₹450 crore.
In another significant proposal under the AP Electronics Component Manufacturing Policy, Munoth Lithium Battery Pvt. Ltd. has proposed investing ₹500 crore in Tirupati to establish a lithium-ion cell manufacturing facility, generating around 240 jobs.
Defence manufacturing proposal
Defence manufacturing also featured prominently in the investment pipeline.
Sunshine Energetics has proposed investing ₹466 crore to establish an Integrated Defence Energetics and Strategic Manufacturing Facility at Duttalur in Nellore district. The company has requested 455 acres of land for the project, which is expected to create 300 jobs.
Chemical and mining projects
Coromandel International Ltd. has proposed investing ₹2,125 crore to establish a phosphoric acid and associated plants at Mulapeta in Srikakulam district. The company has requested 450 acres and estimates the project will employ around 400 people.
Meanwhile, VPR Mining Infrastructure Pvt. Ltd. has proposed a ₹500 crore industrial project at Manubolu in Nellore district, expected to create 2,000 jobs.
Prisol Agro Industries Ltd. has also proposed a ₹330.71 crore project in Nellore district, seeking customised incentives under the state’s industrial policy. The company expects to generate 1,110 jobs.
Food processing and hospitality investments
In the food processing sector, Jayaditya Agro Pvt. Ltd. has proposed investing ₹300 crore in Kurnool district and sought tailor-made incentives under the AP Food Processing Policy. The project is expected to provide employment to 350 people.
The committee also reviewed several tourism and hospitality investments, including:
- CRR Hospitality LLP – ₹192.02 crore hotel project in Tirupati (200 jobs)
- JSP Hotels & Resorts LLP – ₹63.79 crore hotel project in Vijayawada (100 jobs)
- Pavuluri Hotels – ₹58.74 crore hotel project in Tirupati (120 jobs)
In addition, the committee discussed extending the lease period and incentives for Mrigavani Resorts (Tirupati) Pvt. Ltd., which has proposed a resort project involving an investment of ₹73.38 crore.
Amendments to earlier approvals
Apart from fresh investments, the SIPC also examined several proposals seeking amendments to previously approved projects.
Among the notable proposals was an amendment to the Government Order issued for the ArcelorMittal Nippon Steel India integrated steel plant in Anakapalli district, covering changes relating to the commercial production date, electricity tariff incentives and the company’s name.
The committee also considered:
- Renaming Hyundai Dymos India Pvt. Ltd. as Hyundai Transys India Pvt. Ltd.
- Rectification of land allocation issues relating to Mahamaya Industries Ltd. in Vizianagaram district.
- Permission for Virupaksha Organics Ltd. to make delayed land payments without penalty for its project in Guttapadu Industrial Park.
- A proposal from Shubham Infrastructure Projects (India) Pvt. Ltd. seeking reduction of performance security requirements.
Final approval by SIPB
The SIPC functions as the screening committee for major industrial investments in Andhra Pradesh. The proposals discussed at Friday’s meeting will now be placed before the State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, for final approval.
If cleared, the latest investment pipeline would further strengthen Andhra Pradesh’s focus on attracting high-value investments in digital infrastructure, clean energy, advanced manufacturing and strategic industries while generating over 14,000 employment opportunities across multiple districts.