Business EconomyPosted at: Nov 12 2026 8:43PM


AP attracts Rs.5.84 lakh crore investments on first day of CII Summit

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.
The agreements were exchanged in the presence of Chief Minister N. Chandrababu Naidu and Minister for Human Resources Development, IT, Electronics and Communications and Real Time Governance Nara Lokesh.
The general manufacturing sector accounted for the largest share of investments at Rs.3,57,386 crore through 23 MoUs and five GOs, with an employment potential of 44,838 jobs. Major proposals included Rs.2,73,000 crore by Reliance Industries in East Godavari district, Rs.18,500 crore by Rashmi Metallurgical Industry in Srikakulam and Rs.15,000 crore by JSW Group in Kadapa.
The renewable energy sector attracted Rs.1,65,020 crore through seven MoUs and five GOs, with the potential to create 16,600 jobs.
Greenko Energies, Clean Max Enviro Energy Solutions and Megha Engineering and Infrastructures accounted for proposals worth Rs.45,000 crore, Rs.41,000 crore and Rs.36,000 crore respectively.
The automobile, auto components and electric vehicle sector secured four MoUs worth Rs.21,285 crore, with an employment potential of 13,600 jobs. These included Rs.18,878 crore by Kia India, Rs.1,457 crore by Hero MotoCorp and Rs.750 crore by MNL Solutions.
The chemicals and petrochemicals sector attracted six MoUs worth Rs.19,995 crore, led by GAIL India with Rs.13,500 crore, followed by N.A.N. Magnetech with Rs.3,000 crore and N.A.N. Silox Greenmet with Rs.1,800 crore.
The food processing sector received five MoUs and two GOs worth Rs.4,770 crore, with the potential to generate 2,847 jobs.
The major proposals included Rs.2,500 crore by S.L.N. Coffee, Rs.1,127 crore by Hindustan Coca-Cola Beverages and Rs.400 crore by Sree Vasudha Foods.
The electronics and semiconductor sector attracted an investment proposal of Rs.4,300 crore from fabrIQ, an Analog and MEIL joint venture, with the potential to generate 10,000 jobs.
The aerospace and defence sector secured eight MoUs and two GOs worth Rs.3,406 crore, with an employment potential of 3,180 jobs.
Another 19 MoUs and one GO involving Rs.8,193 crore were exchanged in textiles and garmenting, pharmaceuticals and life sciences, industrial parks and logistics, circular economy, tourism and hospitality, ports, shipbuilding and maritime, footwear and skill development sectors.
Kia India signed an MoU involving Rs.18,878 crore (USD 2 billion) to expand its manufacturing facility at Penukonda, adding an annual production capacity of two lakh vehicles and taking its overall capacity beyond six lakh vehicles.
The expansion is expected to generate 12,000 jobs.
The State government is tracking every MoU until the project reaches the production stage, while Government Orders are issued after approval by the State Investment Promotion Board, officials said.
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