The Andhra Pradesh State Investment Promotion Board (SIPB) has approved investment proposals worth an estimated 85,083 INR-Crore. These projects have the potential to generate 33,966 jobs, showcasing the state’s commitment to industrial growth. The SIPB meeting, held on Tuesday, November 19, paved the way for several transformative projects, including 10 major heavy industries.
Among the highlights, Arcelor Mittal-Nippon Steels announced plans for an integrated steel plant in Bagaraiahpeta near JV Nakkapalli. The company will invest around 61,780 INR-Crore and create approximately 21,000 jobs. Meanwhile, LG Electronics India Pvt Ltd secured approval for an estimated 5,001 INR-Crore project, which will provide 1,495 employment opportunities.
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Additionally, Kalyani Strategies System Ltd committed around 1,430 INR-Crore, set to generate 565 jobs. Phillips Carbon Black Ltd will invest around 3,798 INR-Crore, creating 200 jobs. Furthermore, Azad India Mobility Ltd’s 1,046 INR-Crore investment promises 2,381 new roles.
Several other companies also received SIPB clearance, further boosting investments in Andhra Pradesh. By attracting large-scale projects and creating thousands of jobs, the state continues to strengthen its position as a hub for industrial excellence.
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