The Andhra Pradesh government kicked off a major investment drive on the first day of the CII Partnership Summit in Visakhapatnam. On 14 November, the state signed MoUs worth around ₹3.49 lakh crore with 40 companies, reflecting strong investor interest. These agreements are projected to generate more than 5.42 lakh jobs, spanning sectors from manufacturing and energy to logistics and services.
The summit underlines the state’s ambition to position itself as a leading investment destination, with streamlined processes and a business-friendly environment. Its leadership emphasised speed, infrastructure connectivity and policy clarity to attract capital. The deals reflect confidence from both domestic and international firms in Andhra Pradesh’s growth trajectory.
Participants noted the state’s strategic coastal location, industrial corridors and special policy frameworks as major strengths. With these signing commitments, the government aims to convert the agreements into real projects, create employment at scale and boost regional development. While MoUs are just the first step, the pace and volume signal a robust start to the summit and suggest that Andhra Pradesh is gearing up for rapid industrial expansion and infrastructure augmentation.
This first-day haul sets a strong tone for the remaining days of the summit, with further investment announcements expected.
#ManufacturingHub
#AndhraPradesh
#CIIPartnershipSummit
#Visakhapatnam
#MoUs
#InvestmentDeals
#JobCreation
#IndustrialGrowth
#BusinessFriendly
#EconomicDevelopment
