Archive · 18 Sep 2026
Andhra Pradesh Board Clears ₹526 Crore Tech Projects, Jobs
Andhra Pradesh approved 10 new technology projects.
Together, the projects are expected to bring in ₹526.25 crore.
They may create 8,896 jobs for people in the state.
Muthoot Fincorp plans to build an AI and technology training centre in Visakhapatnam.
Deloitte plans to open a large operations centre there too.
Quantum Codon plans a research campus in Amaravati.
The campus will use quantum AI for biotechnology and drug discovery research.
The state government says these investments will help make Andhra Pradesh a technology hub.
Andhra Pradesh’s State Investment Promotion Board approved 10 IT and futuristic technology projects.
The projects involve a total investment of ₹526.25 crore and are expected to create 8,896 jobs.
Muthoot Fincorp will invest ₹100 crore in an AI and technology training hub in Visakhapatnam.
Deloitte received approval for a ₹44 crore operations centre with capacity for 2,500 seats.
Quantum Codon will invest ₹167 crore in an Amaravati quantum AI biotechnology campus expected to create 126 jobs.
- Who
- The Andhra Pradesh State Investment Promotion Board, headed by Chief Minister N Chandrababu Naidu, approved the projects.
- What
- Ten IT and futuristic technology projects involving ₹526.25 crore were approved, with 8,896 jobs projected.
- When
- The board met on September 18; the report identifies the day as Friday but does not specify a year.
- Where
- The projects are located across Andhra Pradesh, including Visakhapatnam, Amaravati and Kadapa.
- Why
- The state government says the investments will develop advanced technology industries and create employment opportunities for local youth.
- Projects approved
- 10 IT and futuristic technology projects
- Total investment
- ₹526.25 crore
- Projected employment
- 8,896 jobs
- Muthoot Fincorp investment
- ₹100 crore for an integrated AI and technology training hub in Visakhapatnam
- Deloitte investment
- ₹44 crore for an operations centre with 2,500-seat capacity
- Quantum Codon investment
- ₹167 crore for a quantum AI-driven biotechnology innovation campus in Amaravati
- Quantum Codon projected jobs
- 126 jobs