Boosting industrial growth, the Andhra Pradesh Cabinet approved investment proposals across energy, manufacturing, and infrastructure sectors.
The Andhra Pradesh Cabinet has approved investment proposals worth ₹1 trillion, with a strong focus on advancing the state’s semiconductor and quantum technology sectors to boost development and job creation.
A key highlight of the approvals is the ₹230 billion proposal by Indichip Semiconductors to establish a large-scale manufacturing facility for silicon carbide devices and other semiconductor components at the Orvakal Node Industrial Hub in Kurnool. The project is expected to play a pivotal role in building India’s semiconductor ecosystem while creating thousands of high-skilled jobs.
Additionally, the Cabinet sanctioned the Andhra Pradesh Quantum Computing Policy 2025–30, aimed at positioning the state as a global quantum computing hub. Under this initiative, the Amaravati Quantum Computing Centre (AQCC) will be established, offering financial incentives to startups, research institutions, and universities. The policy targets $1 billion in investments, over 5,000 skilled jobs, and incubation support for more than 100 startups.
Beyond high-tech sectors, the Cabinet also cleared IT infrastructure projects, including a ₹22 billion IT park by Visakha Realty Ltd and a ₹21.72 billion mixed-use IT and residential project by Raheja Corp Real Estate in Visakhapatnam, expected to generate nearly 40,000 jobs collectively.
These decisions underline Andhra Pradesh’s push to attract advanced technology investments and strengthen its position as an emerging innovation and manufacturing hub in India.
