Andhra SIPB clears ₹526 crore projects, nearly 8,896 jobs expected
The Andhra Pradesh SIPB, headed by Chief Minister N Chandrababu Naidu, on Friday approved 10 projects entailing an investment of over Rs 500 crore.
The IT and futuristic technology projects are expected to create nearly 9,000 jobs, according to a press release.
"State Investment Promotion Board met today and officially cleared 10 major IT and futuristic technology projects.
The approved projects entail a total investment of Rs 526.25 crore and are projected to create 8,896 high-quality jobs across the state," it said.
The approved projects include a Rs 100 crore investment by Muthoot Fincorp Limited to establish an Integrated Hub for AI and Tech Training Centre in Visakhapatnam.
The SIPB approved a Rs 44 crore investment by Deloitte to set up a state-of-the-art operations centre with a capacity of 2,500 seats.
It approved a Rs 167 crore investment by Quantum Codon Pvt Ltd in Amaravati to establish an integrated quantum AI-driven biotechnology innovation campus for drug discovery .
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