Business EconomyPosted at: Nov 12 2026 8:22PM


AP to sign 303 MoUs involving Rs.9.89 lakh crore investments: CM

Visakhapatnam, Nov 12 (UNI) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that 303 Memoranda of Understanding (MoUs) involving investments of Rs.9.89 lakh crore would be signed at the CII Partnership Summit here, taking the total investment proposals attracted by the State since 2024 to Rs.32.49 lakh crore.
Addressing the summit, he said the State had attracted 714 investment proposals worth Rs.22.60 lakh crore even before the summit.
Of these, land and incentive approvals had been granted for 526 projects involving Rs.17.10 lakh crore, while 303 projects worth Rs.7.30 lakh crore had reached the construction-ready stage. Nearly 58 per cent of the approved projects had achieved construction readiness in terms of numbers, he said.
Naidu said the government was developing a quantum computing manufacturing facility over 250 acres in Amaravati.
The Amaravati Quantum Valley, being positioned as the first project of its kind in South Asia, would be inaugurated on February 3, 2027.
The State had set a target of generating 160 GW of renewable energy, with approvals already secured for 114 GW. In the electronics sector, the government aimed to achieve annual production worth Rs.4.20 lakh crore, while projects worth Rs.31,926 crore in electronics and home appliances manufacturing had received approval.
The government had also set investment targets of Rs.50,000 crore in aerospace and defence, Rs.25,000 crore in the space sector and Rs.30,000 crore in food processing.
Andhra Pradesh was targeting a 20 per cent share in the country's port cargo handling, with emphasis on expanding port capacity, railway connectivity and shipbuilding clusters.
Investor protection, the Jan Vishwas framework, escrow mechanisms and speed of doing business were the key elements of the government's strategy to attract investments, he said.
The Polavaram project would be completed by March 2027 and dedicated to the nation, he added.
UNI XC KNR
Tags: #AP to sign 303 MoUs involving Rs.9.89 lakh crore investments: CM
More News

Hyderabad sees 3 pc growth in property transaction value despite marginal dip in registrations : Knight Frank

12 Nov 2026 | 11:48 PM

Hyderabad, Nov 12 (UNI) Hyderabad recorded 61,033 residential property registrations during January-October 2026, registering a marginal decline of one per cent year-on-year, while the value of transactions increased by three per cent to Rs 44,305 crore, reflecting the growing contribution of premium housing to the residential market, according to Knight Frank India's latest assessment report.

see more..

ReNew CEO Praises AP Govt's investment monitoring; says Lokesh sends weekly project updates

12 Nov 2026 | 10:43 PM

Visakhapatnam, Nov 12 (UNI) ReNew Founder, Chairman and CEO Sumit Sinha on Thursday praised the Andhra Pradesh government for its investor-friendly approach, saying IT Minister Nara Lokesh personally sends him weekly updates on the progress of the company's projects, often before his own team provides the information.

see more..

AP attracts Rs 5 84 lakh crore investments on first day of CII Summit

12 Nov 2026 | 8:43 PM

Visakhapatnam, Nov 12 (UNI) Andhra Pradesh attracted investment commitments worth Rs.5.84 lakh crore, with a potential to generate 1,07,693 jobs, through 73 Memoranda of Understanding (MoUs) and 15 Government Orders (GOs) exchanged on the first day of the 31st CII Partnership Summit here on Thursday.

see more..

AP to sign 303 MoUs involving Rs 9 89 lakh crore investments: CM

12 Nov 2026 | 8:22 PM

Visakhapatnam, Nov 12 (UNI) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that 303 Memoranda of Understanding (MoUs) involving investments of Rs.9.89 lakh crore would be signed at the CII Partnership Summit here, taking the total investment proposals attracted by the State since 2024 to Rs.32.49 lakh crore.

see more..

Women to get dedicated technology park in AP: CM Naidu

12 Nov 2026 | 8:21 PM

Visakhapatnam, Nov 12 (UNI) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that a dedicated technology park would be established exclusively for women entrepreneurs, with free land and incentives, to promote women's participation in the technology and business sectors.

see more..