Amaravati, January 6, 2026 – Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday approved investment proposals worth over ₹19,000 crore during the state’s 14th State Investment Promotion Board (SIPB) meeting, projecting the creation of nearly 12,000 jobs across sectors including tourism, industry, food processing, and renewable energy. The CM also unveiled an IT infrastructure portal and emphasized the development of beach tourism as part of his broader economic strategy.

Mega Investments Cleared

The SIPB meeting approved 14 major proposals from private and public sector companies, highlighting significant investments across multiple districts of Andhra Pradesh. Some of the largest projects include:

• Tata Power: ₹6,675 crore in Nellore district, focusing on power generation and infrastructure.
• Shirdi Sai Electricals: ₹5,571 crore in Kadapa district, aimed at electrical manufacturing and industrial expansion.
• Websol Renewable: ₹3,538 crore investment in renewable energy initiatives.

The combined investments from all 14 companies amounted to ₹19,391 crore, reflecting a strong push to attract both domestic and international capital.

In a press statement, the government said the approvals span tourism, industry, food processing, and fuel sectors, with the potential to generate employment opportunities for nearly 12,000 people in the state.

Focus on Beach Tourism

Highlighting tourism as a strategic growth area, CM Naidu directed officials to formulate a comprehensive master plan for beach tourism development. He particularly emphasized Suryalanka Beach in Bapatla district, describing it as one of the safest beaches in the state.

Naidu proposed branding Suryalanka Beach Resorts and developing a 15-kilometer-long clean beachfront, with modern amenities to attract domestic and international tourists. He also suggested exploring small islands near Sullurpeta for tourism, drawing inspiration from the Maldives’ island resorts model.

These initiatives are expected to not only promote Andhra Pradesh as a premium coastal tourism destination, but also generate employment in the hospitality and service sectors, particularly in coastal districts.

Boost to Food Processing and Industry

In addition to tourism, the CM stressed the importance of developing food processing units in the Tirupati region, aimed at benefitting farmers and enhancing the value chain for local produce. He called for meetings with major food processing companies to encourage investment and position Andhra Pradesh as a leader in the sector.

“This will directly benefit farmers and ensure value addition to agricultural produce. Our state has immense potential in food processing, and we aim to become a hub for these industries,” Naidu said.

Launch of IT Infrastructure Portal

To complement investment facilitation and digital governance, the CM unveiled the Andhra Pradesh IT infrastructure portal, a platform designed to streamline project approvals, provide real-time data on ongoing investments, and offer services to IT and technology enterprises.

Naidu remarked that sustained efforts in 2025 had restored the state’s brand image, which he claimed was adversely affected under the previous YSRCP government. The recent measures, he said, have led to significant investment inflows and increased investor confidence in the state.

Power Sector Reforms

On the power front, CM Naidu highlighted the government’s improved performance in electricity management. He announced a 13 paise per unit reduction in power tariffs, noting that the government had absorbed a ₹4,500 crore true-up charge instead of passing it on to consumers.

“We have decided not to burden the public with this charge. A framework has also been designed to reduce power purchase costs,” Naidu said, adding that the government targets a power purchase cost of ₹3.7 per unit by 2029.

Ensuring Smooth Implementation

CM Naidu underscored the need for efficient investment facilitation, instructing ministers and officials to take responsibility for ensuring no lapses in the process. The SIPB meeting emphasized transparency, accountability, and proactive support for investors.

“Every department must coordinate effectively to maintain Andhra Pradesh as a top investment destination. We aim to create a business-friendly environment while ensuring that benefits reach the people,” Naidu said.

Way Forward

The combination of multi-sector investment approvals, tourism development, IT infrastructure initiatives, and power sector reforms reflects Andhra Pradesh’s broader economic vision under CM Naidu’s leadership. With ₹19,391 crore in fresh investments and nearly 12,000 potential jobs, the state aims to strengthen its industrial base, boost coastal tourism, and enhance the quality of life for its citizens.

The government’s focus on digital governance through the IT portal, value addition in agriculture via food processing, and competitive power pricing positions Andhra Pradesh as a strategic investment and tourism hub in South India.