Andhra Pradesh investment MoUs worth Rs 9.02 lakh crore were signed at the 31st CII Partnership Summit in Visakhapatnam.
The state government signed 109 agreements during the two-day event. These proposals have the potential to generate more than two lakh jobs.
Addressing the media after the summit, Chief Minister N Chandrababu Naidu highlighted the investment commitments secured over two editions.
He said the state had signed MoUs worth Rs 32.5 lakh crore across the last two CII Partnership Summits. The 2025 edition alone accounted for Rs 22.5 lakh crore.
Naidu said 74 per cent of the earlier commitments had moved towards implementation. However, the government now aims to achieve a 100 per cent conversion rate.
Data centres, space and energy attract major investments
Naidu said the state had received proposals across data centres, space, agro-processing and multinational businesses. He added that Andhra Pradesh was pursuing opportunities in emerging technologies.
Reliance Industries, Greenko Energies, CleanMax Enviro Energy Solutions, Megha Engineering and Infrastructures, and Kia India were among the major investors.
The space technology sector also attracted investment proposals. Reusable rocket manufacturer Agnikul Cosmos proposed an investment of Rs 510 crore.
Meanwhile, Hathor Rockets proposed investing Rs 250 crore in the state.
Greenzone Renewable Energy proposed an investment of Rs 8,000 crore. The project is expected to generate 200 jobs.
Indian Oil Corporation also signed an agreement to invest Rs 6,600 crore. The proposed investment is expected to create 800 jobs.
Hero MotoCorp, ITC announce social initiatives
Apart from industrial investments, companies announced initiatives covering education and rural development.
Hero MotoCorp signed an MoU to provide scholarships to 720 IIT students. The programme carries an estimated cost of Rs 32.8 crore.
Additionally, ITC signed an agreement to support people across 100 villages. The initiative will include the development of 15 model villages.
Andhra Pradesh earmarks 5,000 acres for space sector
Naidu urged companies to focus on project implementation rather than merely signing agreements. He assured investors of the state government’s support in taking projects forward.
The Chief Minister also said the government had earmarked 5,000 acres near Tirupati for the space sector.
He said the region was suitable for industries operating in space and defence. The government aims to attract further investment into these sectors.
The CII Partnership Summit has become an important annual investment platform for Andhra Pradesh. The latest edition added fresh commitments to the state’s ongoing efforts to attract domestic and international investors.
