Top

AP Lines Up 115 MoUs of ₹79,628 Crore Ahead of CII Summit

A total of 46 MoUs have been signed during the first two conferences, with details made available on the Andhra Pradesh Economic Development Board (APEDB) website.

Vijayawada:Andhra Pradesh government has lined up 115 memoranda of understanding (MoUs) involving proposed investments of ₹79,628.04 crore and potential employment for 1,88,038 people ahead of three upcoming regional conferences in connection with the 31st CII Partnership Summit 2026, scheduled to be held in Visakhapatnam on November 12 and November 13.

The three regional conferences will be held at Amaravati on October 16, Ananthapuramu on October 23, and Tirupati on October 26, as part of the state government's efforts to attract investments across key sectors and generate employment.

The government had issued orders for five regional conferences across the state in the run-up to the summit. The first two conferences, held in Visakhapatnam on October 7 and Kakinada on October 12, have been completed successfully.

A total of 46 MoUs have been signed during the first two conferences, with details made available on the Andhra Pradesh Economic Development Board (APEDB) website.

The remaining three conferences are expected to witness the signing of 115 MoUs across a wide range of sectors, including governance and capital city development, urban infrastructure, Quantum Valley and emerging technologies, aerospace and defence, automobiles, natural farming, horticulture, and food processing.

The officials stated that the proposed investments will also cover renewable energy, tourism, and hospitality, electronics manufacturing, semiconductors and advanced materials, space, and footwear.

The sectoral spread reflects the state's focus on attracting investments in infrastructure, advanced technologies, manufacturing, agriculture and allied industries, renewable energy, and tourism.

Officials disclosed that the tentative list of companies identified for signing of MoUs at the three conferences, along with their proposed investment details, has been uploaded on the APEDB website for reference. Details of the MoUs signed at the two completed conferences are also available on the portal.

Officials underlined that the regional conferences are intended to build momentum for the main summit in Visakhapatnam, providing a platform for investment proposals across different regions and sectors ahead of the major business event.


( Source : Deccan Chronicle )
Next Story