Business EconomyPosted at: Nov 13 2026 10:59PM


Andhra Pradesh attracts investment commitments of Rs 9.89 lakh crore at CII Summit: CM Naidu

Visakhapatnam, Nov 13 (UNI) Andhra Pradesh has secured investment commitments worth Rs 9,88,957 crore through 303 Memoranda of Understanding (MoUs) at the 31st CII Partnership Summit 2026, with the potential to generate 3,48,309 jobs, Chief Minister N Chandrababu Naidu said on Friday.
Addressing a press conference after the conclusion of the two-day summit held here on November 12 and 13, he said the State government would introduce real-time industrial clearances through self-certification to facilitate investments and accelerate industrial growth.
To instil confidence among investors and protect their interests during changes in governments, the State would also enact an Investments Protection Act with retrospective effect from 2024, he said.
Naidu said the investment commitments included 109 MoUs worth Rs 9,02,434 crore signed during the summit, with an employment potential of 2,00,358 jobs.
Another 194 MoUs worth Rs 86,522 crore, capable of generating 1,47,951 jobs, were signed at regional investment conferences conducted between October 7 and 26.
With the latest commitments, the cumulative investment proposals received by Andhra Pradesh since June 2024 have increased to Rs 32.49 lakh crore, he added.
The Chief Minister said Visakhapatnam was emerging as a major destination for IT, knowledge-based industries and rare earth minerals.
He also highlighted the city's national recognition in cleanliness, women's safety and urban development, stating that it secured the top position among million-plus cities in the Swachh Survekshan 2025-26.
Referring to emerging technologies, Naidu said young entrepreneurs were exploring innovative ventures in space technology, including plans to establish data centres in space.
Technology, creativity and innovation would open up new opportunities, he observed.
Stressing inclusive development, he said wealth should reach the last mile and empower underprivileged sections. Several corporate companies were coming forward to support poor families under the government's P-4 programme, aimed at improving their living standards.
He announced that health records of citizens would be made available online from January 1, facilitating easier access to medical information.
On women's empowerment, Naidu said the government was promoting products manufactured by women's self-help groups under the 'Swayam' brand to improve marketing opportunities. Women had secured 60 per cent of the elected positions in the recent local body elections, he claimed.
The Chief Minister said the recent local body election results demonstrated that good governance could help governments win people's confidence, adding that the ruling coalition parties had secured a higher vote share.
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