Andhra Pradesh Secures Rs 1.05 Lakh Crore Investments, 75,055 Jobs

Andhra Pradesh secured investment agreements worth Rs 1,05,634 crore from 24 companies on the second day of the 31st CII Partnership Summit in Visakhapatnam. The proposed investments are expected to generate 75,055 jobs across aerospace, IT, electronics, data centres, semiconductors, healthcare and renewable energy.

Minister Nara Lokesh said the government's vision was to create at least one entrepreneur in every household. Speaking at the Andhra Pradesh Startup Exchange (APEX) programme organised by the Ratan Tata Innovation Hub, he highlighted efforts to strengthen the state's startup ecosystem. Six promising startup founders were felicitated, while 31 startups received approval letters and cheques under the Andhra Pradesh Startup and Innovation Policy-2024. The first instalment of financial assistance amounted to Rs 2.11 crore.

Lokesh said the government was developing 25 industrial ecosystems, spanning traditional industries such as cement and steel to advanced sectors including quantum technology, solar manufacturing, semiconductors, pharmaceuticals, medical devices and data infrastructure. He stressed strengthening supply chains and developing specialised skills in rare earth minerals and small modular reactors through global institutional partnerships. Entrepreneurs would receive support through land allocation, exposure visits and venture capital connections.

During discussions with RPSG Group MD Shashwat Goenka, Lokesh proposed new manufacturing and design facilities, green energy investments, expanded Firstsource operations, IT offices in Visakhapatnam or Tirupati and a sports academy in Amaravati. Goenka said the group was developing a 349.8 MW wind project worth Rs 3,286 crore in the state.

Dixon Technologies expressed interest in investing Rs 700 crore in a Tirupati manufacturing facility, creating 2,300 jobs. Its Rs 450-crore expansion at Kopparthy is expected to generate another 7,000 jobs.

Lokesh also proposed a marine robotics manufacturing and export hub at Juvvaladinne and a specialised training centre with IIT Tirupati and Andhra University in collaboration with Sagar Defence.

Among the major proposals, Panchsheel Realty announced Rs 37,000 crore in investments with 32,000 jobs, while AM AI Factory proposed Rs 31,387 crore and 1,000 jobs.