The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, has given its nod to 22 significant investment proposals totaling an impressive Rs 39,473 crore. These investments are projected to generate 30,899 direct job opportunities across various critical sectors in the state.

The approvals were granted during the eighth SIPB meeting held on July 17, underscoring the state government's commitment to driving economic growth and fostering a robust industrial ecosystem.

Chief Minister Venkaiah Naidu emphasized the need for developing a "symbiotic ecosystem" around these industrial projects, ensuring that local communities and farmers also benefit from the development. 

He directed officials to ensure that essential infrastructure like roads, ports, and airports are developed in conjunction with the industrial projects to stimulate regional economic activity.