AP Secures Rs 9.89 Lakh Crore Investment Proposals on CII Summit's First Day
Andhra Pradesh is strengthening its position as a major investment destination in India, with proposals worth Rs 32.49 lakh crore received since June 2024, Chief Minister N. Chandrababu Naidu announced. Addressing the 31st CII Partnership Summit in Visakhapatnam, he outlined the state's industrial ambitions, infrastructure priorities and strategies to attract global investors. The first day of the summit witnessed 303 Memoranda of Understanding (MoUs) involving proposed investments of Rs 9.89 lakh crore, taking cumulative investment commitments to Rs 32.49 lakh crore.
The government said 714 MoUs worth Rs 22.6 lakh crore had been secured over the preceding two-and-a-half years, of which 526 projects worth Rs 17.1 lakh crore had moved towards implementation, registering a 74 per cent conversion rate by project count. These projects carry an estimated employment potential of 19.3 lakh jobs. The state also reported that projects worth approximately Rs 7.1–7.3 lakh crore had been grounded or scheduled for grounding.
The investment pipeline spans green energy, steel, technology, petroleum, automobiles and aviation. NTPC Green Energy leads the major proposals with a Rs 1.85 lakh crore green hydrogen hub at Pudimadaka. AM/NS India has a proposed Rs 1.36 lakh crore integrated steel project at Nakkapalli, although its separately reported phased investment exceeds Rs 70,000 crore. Google's $15 billion (approximately Rs 1.35 lakh crore) AI hub in Visakhapatnam will strengthen data-centre infrastructure and international subsea connectivity. Reliance Industries has proposed a Rs 1.08 lakh crore AI data-centre cluster near Bhogapuram, alongside Rs 51,300 crore in solar and battery storage projects in Anantapuramu.
BPCL's Rs 96,862 crore refinery and petrochemical complex at Ramayapatnam, Tata Power's Rs 49,000 crore renewable energy programme and GMR's proposed Rs 20,000 crore aviation hub at Bhogapuram add to the industrial pipeline. ReNew announced another investment package of approximately Rs 80,000 crore at the summit, including a Rs 67,000 crore green data centre, Rs 11,000 crore silicon manufacturing facility and Rs 1,500 crore permanent magnet project. Its separate Rs 22,000 crore hybrid renewable energy project is planned at Guntakal. Reliance has also proposed an initial Rs 43,000 crore coal-to-gas project, with a potential long-term investment of Rs 2.7 lakh crore, subject to feasibility and approvals.
In manufacturing, Kia India is planning an additional Rs 18,000 crore expansion in Anantapur, while LG Electronics has announced Rs 5,001 crore for Sri City and Cognizant Rs 1,583 crore for a Visakhapatnam software campus.
Food processing is another emerging priority. Mondelez India discussed a Rs 1,800 crore Sri City expansion, a proposed Cocoa Mission and a Cocoa Centre of Excellence in Tirupati. Andhra Pradesh contributes approximately 41.4 per cent of India's cocoa production. Meanwhile, SLN Coffee proposed Rs 2,500 crore for a Tirupati processing and instant coffee facility, expected to generate 1,400 jobs, alongside plans to take Araku Coffee to international markets.
The Chief Minister also announced dedicated industrial parks across 25 sectors, targeting 160 GW of renewable energy capacity, Rs 4.20 lakh crore in annual electronics production, Rs 50,000 crore in aerospace and defence investments and Rs 25,000 crore in space investments. A 250-acre quantum computing manufacturing facility is planned in Amaravati.
The government aims to increase Andhra Pradesh's share of national cargo movement to 20 per cent through port development and complete the Polavaram project by June 2027. A proposed Godavari-Cauvery river link is also expected to improve water security across five states.
Highlighting inclusive growth, Naidu announced a technology park for women entrepreneurs, targeting an increase in female workforce participation from 35.8 to 50 per cent. Under the P4 poverty alleviation model, affluent households and corporate organisations will support economically weaker families. The state is also planning an Investment Protection Act and faster industrial clearances to strengthen investor confidence.
The summit, attended by Union Minister Piyush Goyal, Deputy Chief Minister Pawan Kalyan, IT Minister Nara Lokesh and international delegates from nearly 58 countries, also featured discussions on India-Japan cooperation, chemical manufacturing and global trade. CII President R. Mukundan highlighted India's growth of over seven per cent despite global uncertainties.