AP attracts investments worth Rs.5.84 lakh crore on first day of CII Summit
Visakhapatnam, Nov 12 (TNT) : Andhra Pradesh attracted investment commitments worth Rs.5.84 lakh crore with the potential to generate 1,07,693 jobs through 73 Memoranda of Understanding (MoUs) and 15 Government Orders (GOs) exchanged on the first day of the 31st CII Partnership Summit 2026 here on Thursday.
The MoUs and GOs were exchanged in the presence of Chief Minister N. Chandrababu Naidu and Minister for Human Resources Development, IT, Electronics and Communications and Real Time Governance Nara Lokesh.
The general manufacturing sector accounted for the largest share, with 23 MoUs and five GOs involving Rs.3,57,386 crore and an employment potential of 44,838 jobs.
Major investments included Rs.2,73,000 crore by Reliance Industries in East Godavari district, Rs.18,500 crore by Rashmi Metallurgical Industry in Srikakulam and Rs.15,000 crore by JSW Group in Kadapa.
The renewable energy sector attracted Rs.1,65,020 crore through seven MoUs and five GOs, with an employment potential of 16,600 jobs.
Greenko Energies committed Rs.45,000 crore, Clean Max Enviro Energy Solutions Rs.41,000 crore and Megha Engineering and Infrastructures Rs.36,000 crore.
The automobile, auto components and electric vehicle sector secured four MoUs worth Rs.21,285 crore, expected to generate 13,600 jobs.
Kia India accounted for Rs.18,878 crore, Hero MotoCorp Rs.1,457 crore and MNL Solutions Rs.750 crore.
The chemicals and petrochemicals sector attracted six MoUs worth Rs.19,995 crore, with GAIL India committing Rs.13,500 crore, N.A.N. Magnetech Rs.3,000 crore and N.A.N. Silox Greenmet Rs.1,800 crore.
The food processing sector secured five MoUs and two GOs worth Rs.4,770 crore, with an employment potential of 2,847 jobs.
Major proposals included Rs.2,500 crore by S.L.N. Coffee, Rs.1,127 crore by Hindustan Coca-Cola Beverages and Rs.400 crore by Sree Vasudha Foods.
The electronics and semiconductor sector received an investment proposal of Rs.4,300 crore from fabrIQ, an Analog and MEIL joint venture, with the potential to generate 10,000 jobs.
The aerospace and defence sector attracted Rs.3,406 crore through eight MoUs and two GOs, with an employment potential of 3,180 jobs.
Another 19 MoUs and one GO involving Rs.8,193 crore were exchanged across textiles and garmenting, pharmaceuticals and life sciences, industrial parks and logistics, circular economy, tourism and hospitality, ports, shipbuilding and maritime, footwear and skill development sectors.
Kia India signed an MoU involving Rs.18,878 crore (USD 2 billion) to expand its manufacturing facility at Penukonda (Sri Sathya Sai district) , adding an annual production capacity of two lakh vehicles and taking its total capacity beyond six lakh vehicles.
The expansion is expected to create 12,000 jobs.
The State government was tracking every MoU until the project reached the production stage, while Government Orders were issued after approval by the State Investment Promotion Board, officials said.
Since June 2024, Andhra Pradesh has attracted investment intentions for 714 projects worth Rs.22.60 lakh crore, with the potential to generate 19.3 lakh jobs.
Of these, 526 projects involving Rs.17.2 lakh crore had been converted, while 303 projects worth Rs.7.1 lakh crore had been grounded or were in the process of being grounded as of October 2026.
Around 1,850 delegates, including 1,400 from India and 450 from 66 countries, are participating in the summit. They include 14 overseas Ministers and 82 diplomats.
The summit features around 35 sessions, country-level dialogues and nearly 400 business-to-business meetings.
The Andhra Pradesh Pavilion and the MSME exhibition ‘The Andhrapreneurs’ will be open to the public on November 14.
TNT KM
