Andhra Pradesh draws ₹22 lakh crore investment in 28 months: CM Naidu
Synopsis
Andhra Pradesh has pulled in ₹22 lakh crore in investments over just 28 months — a figure CM Chandrababu Naidu unveiled at the CII Partnership Summit curtain-raiser in New Delhi. With a Google data centre in Visakhapatnam, a Quantum Computing Valley in Amaravati, shipbuilding deals at two ports, and a 500-GW green energy target already 110 GW subscribed, the state is making one of the most aggressive investment pitches in recent Indian history.
Key Takeaways
Andhra Pradesh attracted ₹22 lakh crore in investments over the past 28 months , CM Nara Chandrababu Naidu announced on 8 October 2026 .
MoUs worth ₹13.50 lakh crore were signed at last year's CII Partnership Summit; focus has shifted to converting pledges into actual investment.
The NALA Act , a long-standing land-acquisition hurdle, has been repealed; an industrial incentives escrow account launches on 12–13 November .
Agreements for 110 GW of power generation signed under a 500 GW green energy target; Mazagon Dockyard and Goa Shipyard to set up facilities at Dugarajapatnam and Machilipatnam .
A Google data centre is being established in Visakhapatnam and a Quantum Computing Valley in Amaravati , per Union Minister Piyush Goyal .
AI-based GST collection technology has significantly boosted state revenues, Naidu said.
Andhra Pradesh has attracted investments totalling ₹22 lakh crore over the past 28 months, Chief Minister Nara Chandrababu Naidu announced on Thursday, 8 October 2026, at the CII Partnership Summit 2026 curtain-raiser event in New Delhi. The disclosure, made in the presence of Union Commerce and Industry Minister Piyush Goyal, underscores Andhra Pradesh's accelerating pitch to become India's top investment destination under the state's 'Build AP' initiative.
Key Investment Highlights
Chief Minister Naidu told assembled industrialists that agreements worth ₹13.50 lakh crore were signed during last year's partnership summit alone, stressing that the state's focus has shifted from signing Memoranda of Understanding to converting them into ground-level operations. He cited global heavyweights ArcelorMittal and Google as companies already moving to set up facilities in the state.
Naidu also disclosed that an industrial incentives escrow account — announced earlier — will be formally launched on 12–13 November. In a significant ease-of-doing-business measure, he confirmed that the NALA Act, which had long been cited as a structural hurdle to land-related investments, has been repealed. A 'Speed of Doing Business' framework is additionally being rolled out to accelerate approvals across agriculture, industry, and services.
Energy, Infrastructure and Water Projects
On the energy front, Naidu revealed that agreements for generating 110 gigawatts of power have already been signed as part of a broader 500-gigawatt green energy target, with plans to build a dedicated green energy transmission corridor. He also outlined a transformative inter-river linking proposal connecting the Godavari, Krishna, Penna, Tungabhadra, and Cauvery rivers, which he said would address water scarcity across Andhra Pradesh, Karnataka, and Tamil Nadu.
On the maritime side, Naidu announced that Mazagon Dockyard Limited has agreed to set up a shipbuilding centre at Dugarajapatnam, while Goa Shipyard will establish a shipbuilding facility at Machilipatnam. He also flagged the state's ambition to transform Rayalaseema into a global horticulture hub and position Andhra Pradesh as a gateway to Southeast Asia.
Centre's Support and Technology Push
Union Minister Goyal described Andhra Pradesh as a 'Sunrise State' and praised Naidu — whom he called a 'visionary leader' — for adopting technology as early as 1998. He confirmed that a Google data centre is being set up in Visakhapatnam and a Quantum Computing Valley is planned for Amaravati. Goyal emphasised that the Centre and states are working as 'Team India', with the Union government extending full backing for the state's infrastructure projects, including the Polavaram project and the construction of the new Amaravati capital.
Chief Minister Naidu attributed a significant revenue uptick to the deployment of AI-based technology in GST tax collection. He also requested the Central government to build an international-standard convention centre to host future CII partnership summits.
Ahead of the Visakhapatnam Summit
CII Director General Chandrajit Banerjee and CII President R. Mukundan participated in the curtain-raiser. Both Union Minister Goyal and Chief Minister Naidu appealed to industrialists to attend the upcoming investment summit in Visakhapatnam and explore on-ground opportunities in the state. With the escrow account launch and several large-ticket projects in the pipeline, all eyes will now be on whether Andhra Pradesh's conversion rate from intent to investment holds up.
Point of View
But the more telling disclosure is the ₹13.50 lakh crore in MoUs signed just last year — a figure that raises the question of how much has actually been deployed on the ground. Andhra Pradesh has historically been a strong summit-stage performer; the structural reforms announced this time — repeal of the NALA Act and an escrow-backed incentive mechanism — do signal a more serious attempt to move from intent to investment. Yet the state's chequered history with large-scale project timelines, particularly around Amaravati, means credibility will be built project by project, not announcement by announcement. The Centre's visible backing — from Polavaram funding to digital infrastructure — does reduce sovereign risk for prospective investors, but execution on green energy transmission and river interlinking will test both inter-state coordination and engineering timelines well beyond the summit season.
NationPress
8 Oct 2026
Frequently Asked Questions
How much investment has Andhra Pradesh secured in the last 28 months?
Andhra Pradesh secured investments totalling ₹22 lakh crore over the past 28 months, according to Chief Minister Nara Chandrababu Naidu, who made the announcement at the CII Partnership Summit 2026 curtain-raiser in New Delhi on 8 October 2026.
What is the CII Partnership Summit 2026 and where will it be held?
The CII Partnership Summit is an annual investment conclave organised by the Confederation of Indian Industry (CII). The 2026 edition is scheduled to be held in Visakhapatnam, Andhra Pradesh, following a curtain-raiser event in New Delhi on 8 October 2026.
What major companies are setting up operations in Andhra Pradesh?
Global companies including ArcelorMittal and Google are establishing operations in Andhra Pradesh. A Google data centre is specifically being set up in Visakhapatnam, and a Quantum Computing Valley is planned for Amaravati, according to Union Minister Piyush Goyal.
What is the NALA Act and why was it repealed?
The NALA Act was a piece of legislation that had been identified as a structural barrier to land-related investments in Andhra Pradesh. Chief Minister Naidu announced its repeal as part of the state's broader ease-of-doing-business reforms under the 'Build AP' initiative.
What is Andhra Pradesh's green energy target and how far along is it?
Andhra Pradesh has set a target of 500 gigawatts of green energy capacity. Agreements for 110 gigawatts of power generation have already been signed, and the state plans to build a dedicated green energy transmission corridor to support the rollout.
