The Andhra Pradesh State Investment Promotion Board (SIPB), chaired by Chief Minister N. Chandrababu Naidu, has approved investments totalling more than Rs 1.21 trillion from ten companies on Thursday.

These approved investments are expected to generate 80,104 jobs, including Rs 25,000 crore from Satyavedu Reserve Infracity Pvt Ltd (Sri City), Rs 58,469 crore from Indosol Solar Pvt Ltd, and Rs 22,000 crore from AP NGEL Harith Amrit Ltd, among others.

Furthermore, the Chief Minister instructed officials to set up MSME parks across all 175 constituencies, starting with one in each district. He also directed the establishment of five Ratan Tata Innovation Centres within a month, according to the release.