The Tenth State Investment Promotion Board (SIPB) meeting, chaired by Chief Minister Chandrababu Naidu on 28 August, 2025, approved fresh investments worth Rs 53,922 crore, expected to generate employment for 83,437 youths across Andhra Pradesh.

CM Naidu said he would personally “monitor the progress at the field level” and directed officials to prioritize the state’s ‘speed of doing business’ policy. Stressing food processing opportunities, CM Naidu encouraged companies to set up units in Chittoor and Rayalaseema, particularly mango processing facilities to benefit farmers. He also emphasized building an ecosystem for MSME parks in every assembly constituency and linking them with “Ratan Tata Innovation Hubs” to boost quality.

Key approvals included HFCL’s Rs 1,100 crore project providing 870 work opportunities, Apollo Tyres’ Rs 1,110 crore investment in Chittoor employing 500 people, a Krishnapatnam Tech Park with Rs 1,843 crore investment creating employment for 19,000 persons, and Serentica Renewables’ project in Anantapur employing 320.