AP to Sign 410 MoUs Worth ₹9.8L Cr at CII summit

• Andhra Pradesh to sign 410 MoUs at the CII Partnership Summit
• Minister Nara Lokesh highlights the event as a partnership between the government, people, and corporates
• The state has already secured major investments from companies like Google

The Andhra Pradesh government is preparing to drive a large investment push, with 410 memorandums of understanding (MoUs) expected to be signed at the CII Partnership Summit in Visakhapatnam on November 14-15.

The investments under the MoUs are expected to generate ₹9.8 lakh crore and to create 7.5 lakh jobs across the state. At the CII Partnership Summit, Andhra Pradesh is set to sign MoUs that will drive ₹9.8 lakh crore in investments, fostering job creation and industrial growth to boost the Andhra Pradesh economy.

Minister for ITEC & HRD Nara Lokesh indicated that this is a culmination of a three-way partnership among our people, government and corporates with a vision of aligning growth with opportunity.

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He stated, “Every MoU is a commitment to the dreams of our youth. Choose Andhra Pradesh means choosing speed, trust, and opportunity grounded in Telugu pride and built for global leadership. Companies that choose speed, choose AP”.

He noted that the summit is a partnership to co-create jobs, infrastructure and innovation. He said that each Memorandum of Understanding (MoU) represents tangible outcomes such as skills, jobs and entrepreneurial opportunities.

Lokesh added, “We realised about $120 billion investments so far and given the potential of Andhra Pradesh, it is just a beginning. We will keep our promise of creating 20 lakh jobs and the investment summit is going to be a crucial step in that direction”.

He further indicated that in the last 16 months the government has welcomed global brands that can drive economic growth and attract investment such as Google, ArcelorMittal, BPCL, NTPC, Reliance and TCS.