Andhra Pradesh has signed 109 memorandums of understanding worth Rs 9.02 lakh crore at the 31st CII Partnership Summit in Visakhapatnam, with the proposed investments expected to create more than two lakh jobs, according to the state government.
The agreements were signed during the two-day summit, which concluded in Visakhapatnam on November 13. The commitments cover data centres, space technology, agro-processing, renewable energy, manufacturing and other sectors, the government said.
Addressing the media at the conclusion of the summit, Andhra Pradesh Chief Minister Chandrababu Naidu said the state had secured MoUs worth Rs 32.5 lakh crore across the last two CII Partnership Summits. Of this, Rs 22.5 lakh crore was committed at the 2025 summit, he said.
Naidu said 74 per cent of the Rs 22.5 lakh crore committed in the earlier summit had been converted, and that the government was now seeking a 100 per cent conversion rate for the latest commitments. He also called on industrialists to focus on grounding projects and ensuring their timely implementation rather than limiting efforts to signing agreements.
Reliance Industries Limited, Greenko Energies Private Limited, CleanMax Enviro Energy Solutions Limited, Megha Engineering & Infrastructures Limited and Kia India Private Limited were among the companies that made large commitments, according to the state government.
The space technology sector featured prominently in the latest proposals. Reusable rocket manufacturer Agnikul Cosmos Private Limited proposed an investment of Rs 510 crore, while Hathor Rockets proposed Rs 250 crore. The state government also said that Greenzone Renewable Energy Private Limited had proposed an investment of Rs 8,000 crore, with the potential to generate 200 jobs.
Indian Oil Corporation Limited signed an agreement for an investment of Rs 6,600 crore and 800 jobs, the government said. Other proposals included investments from data centre companies, agro-processing firms and multinational corporations. Naidu said the state was moving towards the latest technologies across sectors.
The government has earmarked 5,000 acres near Tirupati for the space sector, according to the Chief Minister. He said the region was suited for industries in the space and defence sectors. The proposed land allocation adds an industrial and infrastructure dimension to the investment commitments, although the summit announcement did not provide project-wise implementation schedules or construction timelines.
Some agreements were linked to education and village development rather than direct industrial investment. Hero MotoCorp signed a pact to provide scholarships to 720 IIT students at a cost of Rs 32.8 crore. ITC Limited signed an agreement to support people in 100 villages, including 15 model villages, the state government said.
The conversion of MoUs into operational projects will determine the eventual impact on employment, land use and supporting infrastructure. The state government said it would extend complete support to industries in taking their projects forward. The CII Partnership Summit has become an annual platform for Andhra Pradesh to attract domestic and international investment, according to the report.
