The Andhra Pradesh State Investment Promotion Board (SIPB) has approved a landmark Rs 53,922 crore in new investments across 30 projects, with the potential to create over 83,000 jobs. 

Chaired by Chief Minister N. Chandrababu Naidu, the meeting signals a renewed focus on industrial development and a business-friendly environment in the state.

The projects are strategically diversified across key sectors. Key approvals include a Rs 1,197 crore investment by HFCL in Madakasira, a new tire manufacturing facility by Apollo Tyres in Chittoor district valued at Rs 1,100 crore, and a significant commitment of Rs 2,000 crore from Serentika Renewables of India. A notable green technology investment is also on the cards with the approval of the Rs 1,843 crore Dhirubhai Ambani Green Tech Park at Krishnapatnam.

Chief Minister Naidu has taken a hands-on approach, vowing to personally monitor the progress of these investments. The SIPB's focus extends beyond large-scale projects, with a strong emphasis on developing the food processing and horticulture industries. 

The government is also looking to establish innovation hubs to support Micro, Small, and Medium Enterprises (MSMEs), and there are ongoing efforts to attract a new Mahindra electric vehicle plant.