Naidu Announces 303 MoUs Worth Rs.9.89 Lakh Crore at CII Summit
12 Nov 2026 2:45 PM IST12 Nov 2026 2:45 PM IST
Naidu said the government was ready to work with entrepreneurs interested in investing in Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu. (File Photo)
Visakhapatnam: Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday announced that the state will be signing 303 MoUs involving investments of Rs 9.89 lakh crore. He made the announcement at the two-day CII Partnership Summit here.
Speaking at the inaugural session, Naidu invited entrepreneurs to come forward with investment proposals and sign MoUs with the state government.
Naidu said the government was ready to work with entrepreneurs interested in investing in Andhra Pradesh.
The chief minister also said that with the proposed 303 MoUs, the total investment commitments secured by Andhra Pradesh over the past two-and-a-half years would reach Rs 32.49 lakh crore.
Naidu informed that Andhra Pradesh has achieved a 74 per cent conversion rate of investment Memorandums of Understanding (MoUs) signed since June 2024.
He said the state had signed 714 MoUs involving proposed investments of Rs 22.6 lakh crore since June 2024.
Of these, 526 projects, representing investments of Rs 17.1 lakh crore, had moved towards implementation, taking the conversion rate to 74 per cent.
Naidu said Andhra Pradesh had also grounded projects worth Rs 7.3 lakh crore, with work currently underway.
He added that the government had fixed timelines for nearly 303 projects to ensure their progress and implementation.
( Source : PTI )
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