AP Converts 74% Of Investment Proposals Into Projects Worth ₹17.2 Lakh Crore

Andhra Pradesh has converted 526 of the 714 investment proposals received since June 2024 into projects, achieving a conversion rate of nearly 74 per cent. The converted projects represent investments worth ₹17.2 lakh crore, accounting to 76 per cent of the state's total investment pipeline of ₹22.6 lakh crore.

The state's investment progress will be showcased at the 31st CII Partnership Summit scheduled to be held in Visakhapatnam on November 12 and November 13. Delegates from 58 countries, including foreign ministers, international speakers, global investors, and industry leaders, are expected to attend the two-day event.

The summit's theme is – Navigating the New World Order: Trade, Technology, Trust and Thought Leadership. Corporate participants include Bharat Forge, Kia, ReNew, RPSG Group, Apollo, Skyroot, and GMR.

The converted projects have the potential to generate 19.3 lakh jobs. Of these, 303 projects worth ₹7.1 lakh crore, with the potential to create 7.7 lakh jobs, have been grounded or are scheduled for grounding. Another 188 projects worth ₹5.4 lakh crore are under consideration. The government is monitoring projects from the approval stage to production.

Major investments include AM/NS India's ₹1.36 lakh crore steel project at Nakkapalli, NTPC Green Energy's ₹1.85 lakh crore hydrogen hub at Pudimadaka, Tata Power's ₹49,000 crore renewable energy project in Anantapur, and ReNew's ₹22,000 crore hybrid energy project at Guntakal.

BPCL is setting up a ₹96,862 crore refinery-cum-petrochemical complex at Ramayapatnam, while Reliance has proposed a ₹51,300 crore solar and battery storage project in Anantapuramu, with a solar capacity of 6.6 GW and storage capacity of 29 GWh.

GMR's ₹20,000 crore Bhogapuram aviation hub and maintenance, repair, and overhaul (MRO) facility is expected to generate 60,000 jobs. Kia India and 35 ancillary units at Penukonda involve investments exceeding ₹22,000 crore and provide 24,237 jobs.

Sri City hosts more than 260 companies from 31 countries, generates $6 billion in exports, and employs over 75,000 people, half of them women.

AP's plans include Google's proposed $15-billion AI hub and subsea cable ecosystem in Visakhapatnam and Reliance's ₹1.08 lakh crore AI data centre cluster near Bhogapuram. Amaravati Quantum Valley, Space City near Sriharikota, and Drone City at Orvakal are also being developed.

Five regional conferences held in AP in October generated 195 memoranda of understanding (MoUs) worth ₹85,561.42 crore, with the potential to create 1,56,241 jobs. Another 68 projects worth ₹5,714.06 crore, expected to generate 13,488 jobs, have been either grounded or inaugurated. The projects cover AI, semiconductors, maritime industries, quantum technology, aerospace, automobiles, electronics, tourism, and space technology.

A Bank of Baroda study said Andhra Pradesh accounted for 25 per cent of India's fresh investment proposals in the first nine months of FY 2025–26. Project Today data placed Andhra Pradesh second, up from ninth, with proposals worth ₹8.95 lakh crore in FY 2025–26. Foreign direct investment (FDI) rose from $92 million in FY 2023–24 to more than $600 million in FY 2025–26.

AP government attributes the investment momentum to policy stability, infrastructure, and facilitation under its 3Ps — Predictability, Pace, and Partnership — endeavour. The government’s drive supports its target of generating 20 lakh jobs through investments in manufacturing, technology, micro, small, and medium enterprises (MSMEs), skills, innovation, and entrepreneurship.