Adani Leads ₹29,000 Cr Investment Wave in Andhra; 42,000 Jobs Coming

Andhra Pradesh government has approved ₹28,546 crore worth of industrial projects in its 7th State-Level Investment Promotion Board (SIPB) meeting. Major highlights include:

• Adani Renewable Energy Fifty One: ₹8,010 crore investment in Kadapa.
• Adani Hydro Energy One & Four: ₹10,900 crore across multiple districts.
• Adani Group projects to generate around 10,500 jobs.

Other key investments:

• Cognizant: ₹1,583 crore IT campus in Visakhapatnam, creating 8,000 jobs.
• Reliance Consumer Products: ₹1,622 crore in Orvakal.
• Raymond: ₹1,201 crore across various locations.

Chief Minister Chandrababu Naidu emphasized the state's focus on balanced regional development, local job creation, and skill enhancement. MSME parks are being planned in every Assembly constituency under the "One Family – One Entrepreneur" initiative.

Andhra Pradesh has seen a remarkable surge in industrial investments over the past few years, positioning itself as a rising hub for clean energy, IT, and manufacturing.

In November 2024, Reliance Industries announced a massive investment of ₹65,000 crore (approximately US$ 7.5 billion) to set up 500 compressed biogas (CBG) plants in Andhra Pradesh over the next five years.

In January 2025, the State Investment Promotion Board (SIPB) approved ₹44,776 crore worth of projects, with ₹42,932 crore focused on clean energy—mostly solar. Major players included Navayuga Engineering (₹14,328 crore), Megha Engineering (₹10,300 crore), Tata Power Renewable, Ayana Renewable, and Ampin Energy.

Since July 2024, SIPB has cleared projects worth ₹3.1 trillion, with a job creation potential of over 3.12 lakh.

Last month, SAEL Solar MHP1 Pvt. Limited, a subsidiary of SAEL Industries Ltd., a clean energy company, secured a debt finance amounting to of $132 million from Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale for development of a solar power project in Andhra Pradesh.

Notably, 19 new projects worth over Rs 33,720 crore and a total of 76 projects have been cleared since the current administration took charge, the state is not only expanding its renewable capacity but also setting an economic momentum that could generate hundreds of thousands of jobs.

Besides, Andhra Pradesh is set to host India’s largest quantum computer at the upcoming Quantum Valley Tech Park in Amaravati.