The eighth State Investment Promotion Board (SIPB) meeting held in Vijayawada on 17 July, 2025 approved 22 new industrial projects in Andhra Pradesh with a total investment of Rs 39,473 crore, expected to generate 30,899 employment opportunities.

The meeting was chaired by Chief Minister Chandrababu Naidu and attended by Ministers Nara Lokesh, K. Atchannaidu, Payyavula Keshav, T.G. Bharat, Anagani Satyaprasad, Gottipati Ravikumar, Kandula Durgesh, Vasamsetti Subhash, Chief Secretary K. Vijayanand, and senior officials. “So far under the present government, eight SIPB meetings have approved a total of 109 projects amounting to Rs 5,74,238 crore in investments, with job creation potential for nearly 5.05 lakh individuals,” CM Naidu stated.

The approved projects span key sectors: industries and commerce  with 11 projects, energy with seven projects, tourism with three projects, an IT project, and a single food processing project. The CM also called for integrated tourism development and expanded hospitality initiatives beyond basic infrastructure.