Amaravati, Oct 8 (IANS) The Andhra Pradesh State Investment Promotion Board (SIPB) on Wednesday approved investment proposals to the tune of Rs 1.14 lakh crore.
The 11th SIPB meeting, presided over by Chief Minister N. Chandrababu Naidu, cleared 26 projects in IT, energy, tourism, aerospace and food processing sectors. These projects are expected to create 67,000 jobs.
The approved projects include what is claimed to be the largest foreign direct investment in the state.
Google subsidiary Raiden Infotech India Limited will set up a data centre in Visakhapatnam with an investment of Rs 87,520 crore. This will be the company’s largest data centre outside the United States.
Officials said Raiden Infotech will set up data centres in three campuses at Rambilli near Tarluvada, Adivaviram, an