Andhra Pradesh investment commitments are set to reach Rs 32.49 lakh crore, Chief Minister N. Chandrababu Naidu said on Thursday. The announcement came as the 31st CII Partnership Summit began in Visakhapatnam.
The state expects to sign 303 memoranda of understanding (MoUs) worth Rs 9.89 lakh crore at the summit. Consequently, total commitments since June 2024 will reach Rs 32.49 lakh crore.
Naidu said Andhra Pradesh had secured 714 investment MoUs worth Rs 22.6 lakh crore over two-and-a-half years. Of these, 526 projects worth Rs 17.1 lakh crore have moved towards implementation.
He cited a 74 per cent conversion rate as evidence of progress. Furthermore, 526 projects have received land and incentive approvals.
303 projects worth Rs 7.3 lakh crore ready for construction
Naidu said 303 projects involving Rs 7.3 lakh crore were ready for construction. These represent nearly 58 per cent of projects that received land and incentive approvals.
The Chief Minister presented the state’s industrial policies and long-term development plans. He highlighted emerging sectors, including critical minerals, steel, solar manufacturing and battery energy storage.
Andhra Pradesh has identified several priority areas for investment. These include semiconductors, defence manufacturing, space technology, quantum computing, logistics and green hydrogen.
State targets 160 GW renewable energy capacity
Naidu said Andhra Pradesh had set a target of 160 GW in renewable energy generation capacity. Approvals have already been granted for 114 GW.
The state also aims to achieve annual electronics production worth Rs 4.2 lakh crore. Projects worth around Rs 31,926 crore have received approval in electronics and home appliances manufacturing.
Additionally, the state has set an investment target of Rs 50,000 crore for the space sector. It has also earmarked Rs 25,000 crore for investments in the sector.
The food processing industry has a separate investment target of Rs 30,000 crore. Naidu said the state also aims to become a global horticulture hub.
Andhra Pradesh has approved 42 GW of solar cell manufacturing capacity. It has also cleared 53 GW of ingot and wafer manufacturing capacity.
Data centre projects with a proposed capacity of 4.6 GW have received approval. Naidu compared this with India’s existing installed capacity of approximately 1.5 GW.
Amaravati to develop quantum computing and drone manufacturing
Naidu said Amaravati would house a quantum computer and manufacturing facilities for quantum equipment. These products would be developed under the ‘Made in Amaravati’ brand.
A quantum computing manufacturing facility will cover 250 acres. The Chief Minister described Amaravati Quantum Valley as South Asia’s first such project.
He announced that the project would be inaugurated on February 3, 2027. Meanwhile, the state is developing a dedicated Drone City.
The facility will manufacture drones for civilian and defence applications. Naidu also said drones were already delivering medicines to remote areas.
Andhra Pradesh expands port, airport and rail infrastructure
Naidu highlighted the state’s geographical advantages and growing logistics infrastructure. Andhra Pradesh currently has six operational ports and six airports.
The state ranks fourth nationally in cargo handling, he said. Its six operational ports have annual capacity of 346 million tonnes.
These ports handled 209 million tonnes of cargo during FY26. Furthermore, four upcoming ports are expected to add 108 million tonnes of annual capacity.
Andhra Pradesh’s six airports have combined annual passenger-handling capacity of 1.55 crore. They handled approximately 62 lakh passengers during FY26.
The state is also planning nine greenfield airports. Naidu identified Bhogapuram, Amaravati and Tirupati as major aviation hubs.
He also highlighted proposed high-speed rail corridors covering 839 km through Andhra Pradesh. Additionally, the state has outlined a railway connectivity plan spanning 4,415 km.
Naidu said Amaravati was being developed as a Blue-Green Capital City. The project will feature major buildings and advanced technology infrastructure.
The state is positioning manufacturing, technology and logistics as key investment priorities. The new MoUs are expected to add to its existing project pipeline.
