Andhra Pradesh: CII Partnership Summit in Vizag ends with investment pledges of nearly Rs 9.9 lakh crore
The state says 303 agreements were firmed up through the two-day summit and October's regional meets. Reliance, Greenko and data-centre projects led the commitments.
Andhra Pradesh wrapped up the 31st CII Partnership Summit in Visakhapatnam on Friday with investment commitments worth at least Rs 9.89 lakh crore, according to state government figures, as Chief Minister N Chandrababu Naidu pitched the state as a destination for manufacturing, clean energy and data centres.
The state counted 303 agreements in all, including memorandums of understanding (MoUs) signed at the two-day summit and those secured at regional investment conferences held in October. Officials said the latest pledges take the total investment interest the state has recorded since June 2024 to more than Rs 32 lakh crore.
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Two days of deals
On the opening day, Thursday, the state firmed up 88 agreements, 73 MoUs and 15 government orders, worth about Rs 5.84 lakh crore, with a projected 1.07 lakh jobs. Reliance Industries was the largest single investor, with a commitment of at least Rs 2.4 lakh crore for a project in East Godavari. Renewable energy proposals from Greenko Energies, Clean Max Enviro Energy Solutions and Megha Engineering and Infrastructures also featured, along with Kia India's plan to expand its Penukonda car plant.
On Friday, 24 companies signed MoUs worth Rs 1,05,634 crore in the presence of IT and Industries Minister Nara Lokesh, with a projected 75,055 jobs. The largest were a Rs 37,000-crore hyperscale data centre proposed by Panchshil Realty and a Rs 31,387-crore AI data centre by AM AI Factory. Waaree Energies, Kaynes Technology, KIMS Hospitals and Dixon Technologies were among the others. Lokesh said the government wanted to create at least one entrepreneur in every household.
From pledges to projects
Naidu, speaking at the closing session, outlined faster approvals and other measures aimed at reassuring investors. The state government has said it follows up on MoUs until projects begin production, and official data show that a substantial share of proposals received since 2024 are still being converted or grounded.
Investment summit figures are statements of intent, and the actual impact will depend on how many projects are built and how many jobs they create. No detailed reaction from opposition parties to this year's figures had been reported by Friday night.
Why it matters
The summit is the Naidu government's flagship effort to draw private capital to Andhra Pradesh, and the strong presence of data-centre and renewable energy projects points to where the state hopes its next wave of jobs will come from.
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