AP to enact Investment Protection Act to safeguard investors’ interests: CM Naidu
Addressing the inaugural session of the 31st CII Partnership Summit 2026 here, Naidu said a Bill on the proposed legislation would first be introduced in the State Assembly and subsequently sent to the Centre.
Presenting the state’s industrial development roadmap, he said Andhra Pradesh had set an ambitious target of attracting investments worth Rs. 32.49 lakh crore since June 2024.
The Chief Minister announced that 303 Memoranda of Understanding (MoUs), involving proposed investments of Rs. 9.89 lakh crore, would be signed during the two-day summit.
With these proposals, the state’s total investment commitments since June 2024 would reach Rs. 32.49 lakh crore, he said.
Before the summit, the state had received 714 project proposals worth Rs. 22.60 lakh crore. Of these, 526 projects involving investments of Rs. 17.10 lakh crore had secured land and incentive approvals, while 303 projects worth Rs. 7.30 lakh crore were ready to enter the construction stage, he said.
Emphasising the government’s focus on expediting industrial clearances, Naidu said Andhra Pradesh was implementing a 12X Speed of Approvals mechanism.
Citing examples of speedy clearances, he said the AMCA defence project received approvals and land allocation within 36 days, while LG Electronics was preparing to commence production within 19 months.
The state was positioning itself as a major manufacturing and technology hub, with priority sectors including critical minerals, steel, solar energy, defence, space technology, semiconductors, logistics, quantum computing, green hydrogen and maritime development.
Naidu said Andhra Pradesh had set a target of achieving 160 GW of renewable energy capacity, with approvals already granted for 114 GW.
The state was also targeting annual electronics production worth Rs. 4.20 lakh crore, investments of Rs. 50,000 crore in aerospace and defence and Rs. 25,000 crore in the space sector.
Approvals had been granted for 42 GW of solar cell manufacturing capacity and 53 GW of ingot and wafer manufacturing capacity. Data centre projects with a proposed capacity of 4.6 GW had also received approval, he added.
