Visakhapatnam, Nov 13 (PTI) The Andhra Pradesh government signed memorandums of understanding (MoUs) worth over Rs 9 lakh crore at the 31st CII Partnership Summit in Visakhapatnam.
A total of 109 MoUs worth Rs 9.02 lakh crore, with the potential to create over two lakh jobs, were signed during the two-day summit. In the last two CII Partnership Summits, the state signed investment MoUs worth Rs 32.5 lakh crore, of which Rs 22.5 lakh crore worth of MoUs were signed in 2025.
Addressing the media at the conclusion of the Summit, Andhra Pradesh Chief Minister Chandrababu Naidu said that the state was able to sign MoUs of Rs 32.5 lakh crore in the last two CII partnership summits.
“First one was for Rs 22.5 lakh crore (MoU), and 74 per cent conversion has happened; now we are planning for a 100 per cent conversion rate,” he added.
Talking about the major sectors where MoUs have been signed, Naidu said that proposals from data centres, space, agro-processing companies, and multinationals have been received.
He added, “Whatever the latest technologies you name, we are moving in that direction everywhere.”
“Reliance Industries Limited, Greenko Energies Private Limited, CleanMax Enviro Energy Solutions Limited, Megha Engineering &Infrastructures Limited, and Kia India Private Limited are among the companies which have made large commitments,” the state government said.
The state has attracted multiple proposals in the space tech sector. Reusable rocket manufacturer Agnikul Cosmos Private Limited has proposed investment of Rs 510 crore and Hathor Rockets has proposed investment of Rs 250 crore.
Greenzone Renewable Energy Private Limited has proposed an investment of Rs 8,000 crore, generating 200 jobs, and Indian Oil Corporation Limited has inked a pact for investment of Rs 6,600 crore, generating 800 jobs.
In addition, Hero MotoCorp signed an MoU to provide scholarships to 720 IIT students costing Rs 32.8 crore. ITC Limited signed a pact to uplift people of hundred villages, including 15 model villages, the government said.
Naidu called upon industrialists to focus not only on signing agreements but also on grounding projects and ensuring their timely implementation. He assured that the State Government would extend complete support to industries in taking their projects forward.
Naidu said that the government had earmarked 5,000 acres near Tirupatifor the space sector, adding that the region was well suited forindustries in the space and defence sectors. The CII Partnership Summit has become an important annual event forAndhra Pradesh, which brings a huge amount of domestic andinternational investments to the state.PTI UJN TRB MR
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