Will Andhra Pradesh Secure Rs 9.8 Lakh Crore Investment at the Vizag Partnership Summit?
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Synopsis
Andhra Pradesh is gearing up for a monumental investment push during the upcoming Vizag Partnership Summit, with plans to sign MoUs worth Rs 9.8 lakh crore. This summit promises to be a pivotal platform for industry leaders to discuss future opportunities and challenges.
Key Takeaways
- Andhra Pradesh aims for Rs 9.8 lakh crore investment at the CII summit.
- 410 MoUs are planned for signing during the event.
- Significant investments from global companies like Google and Arcelor Mittal.
- The summit will feature 300 industrial giants from 45 countries.
- Focus on sustainable energy and job creation.
Amaravati, Nov 3 (NationPress) The government of Andhra Pradesh is set to finalize MoUs totaling Rs 9.8 lakh crore during the upcoming 30th CII Partnership Summit in Visakhapatnam on November 14 and 15.
Minister for HR, IT and Electronics Nara Lokesh announced on Monday that 410 MoUs are expected to be signed at this event.
According to him, Andhra Pradesh is leading in attracting investments, with major industrial players drawn to the state due to its efficient business environment, forward-thinking leadership, and a supportive 'double engine' government.
During a media briefing at his camp office, he emphasized that the CII summit will serve not just as a venue for investments but also as a global forum for discussing upcoming challenges and opportunities within the industrial landscape.
Lokesh mentioned that the NDA government is dedicated to fulfilling its promise of creating 20 lakh jobs as part of its 'super six' commitments, working diligently to achieve this goal.
He highlighted that Andhra Pradesh has attracted investments amounting to Rs 10 lakh crore over the past 16 months. Global corporations such as Google, Mittal, TCS, Cognizant, and Premier Energy are choosing to invest in Andhra Pradesh due to the streamlined business processes championed by visionary leader Chandrababu Naidu.
He noted that Arcelor Mittal has pledged an investment of Rs 1.5 lakh crore, while Google plans to invest 15 billion dollars in Visakhapatnam.
Minister Lokesh revealed that approximately 300 global industrial leaders from 45 countries will participate in the CII summit, featuring 72 international speakers, 48 business sessions, and 22 technical sessions.
He reiterated the government's commitment to regional development by adopting a cluster-based strategy to enhance various sectors. Through a combination of vertical and horizontal integration in industry and education, the government aims to leverage youth talent to create jobs.
Meanwhile, Chief Minister Chandrababu Naidu, currently on a personal trip to London, announced the signing of a MoU between the Andhra Pradesh government and the Hinduja Group, which will result in a cumulative investment of Rs 20,000 crore to bolster the state's industrial and clean energy sectors.
The MoU includes initiatives such as expanding the 1,050 MW HNPCL plant in Visakhapatnam by an additional 1,600 MW (2×800 MW) to ensure consistent power supply for industries.
It also aims to develop extensive solar and wind energy projects in Rayalaseema to enhance Andhra Pradesh's clean energy capabilities.
A cutting-edge electric bus and light-vehicle manufacturing facility will be established in Mallavalli, Krishna, supporting sustainable mobility.
Additionally, a network of charging stations will be set up across Andhra Pradesh to facilitate the green transportation ecosystem.
Point of View
The initiatives undertaken by the Andhra Pradesh government signal a commitment to fostering a business-friendly environment. The forthcoming CII Partnership Summit represents a significant opportunity for collaboration and investment, showcasing the state's readiness to engage with global industrial players.
NationPress
05/11/2025
Frequently Asked Questions
What is the total investment expected at the CII Partnership Summit?
The expected total investment at the CII Partnership Summit is Rs 9.8 lakh crore.
How many MoUs will be signed during the event?
Approximately 410 MoUs are anticipated to be signed during the summit.
Which global companies are investing in Andhra Pradesh?
Companies like Google, Mittal, TCS, Cognizant, and Premier Energy are among the global firms investing in Andhra Pradesh.
What key projects are associated with the MoU signed with the Hinduja Group?
Key projects include expanding the HNPCL plant, developing solar and wind projects, and establishing an electric vehicle plant.
Who is the Minister for HR, IT and Electronics in Andhra Pradesh?
The Minister for HR, IT and Electronics in Andhra Pradesh is Nara Lokesh.
