AP nets investments worth Rs 5.84 lakh cr on first day of CII summit to create 1.07 lakh jobs

Visakhapatnam: On the first day of the 31st CII Partnership Summit 2026 in Visakhapatnam today 73 MoUs and 15 G.O.s worth Rs 5,84,355 crore, with the potential to create 1,07,693 jobs, were exchanged in the presence of Chief Minister N. Chandrababu Naidu and Minister for Human Resources Development, IT, Electronics & Communications and Real Time Governance Nara Lokesh.
The MoUs include General Manufacturing: 23 MoUs and 5 G.O.s worth Rs 3,57,386 crore, with 44,838 jobs, led by Reliance Industries Limited (Rs 2,73,000 crore, East Godavari); Rashmi Metallurgical Industry Private Limited (Rs 18,500 crore, Srikakulam); JSW Group (Rs 15,000 crore, Kadapa).
Renewable Energy: 7 MoUs and 5 G.O.s worth Rs 1,65,020 crore, with 16,600 jobs, led by Greenko Energies Private Limited (Rs 45,000 crore, Multiple districts); Clean Max Enviro Energy Solutions Limited (Rs 41,000 crore, Multiple districts); Megha Engineering & Infrastructures Limited (RE) (Rs 36,000 crore, Krishna).
Automobile, Auto Components & EV: 4 MoUs worth Rs 21,285 crore, with 13,600 jobs, led by Kia India Private Limited (Rs 18,878 crore, Sri Sathya Sai); Hero MotoCorp Ltd (Rs 1,457 crore, Tirupati); MNL Solutions Pte. Ltd. (Rs 750 crore, Prakasam).
Chemicals & Petrochemicals: 6 MoUs worth Rs 19,995 crore, with 3,127 jobs, led by GAIL India Ltd (Rs 13,500 crore, Srikakulam); N.A.N. Magnetech Private Limited (Rs 3,000 crore, Nellore); N.A.N. Silox Greenmet Private Limited (Rs 1,800 crore, Tirupati).
Coming to Food Processing: 5 MoUs and 2 G.O.s worth Rs 4,770 crore, with 2,847 jobs, led by S.L.N. Coffee Private Limited (Rs 2,500 crore, Nellore); Hindustan Coca-Cola Beverages Private Limited (G.O.) (Rs 1,127 crore); Sree Vasudha Foods Pvt Ltd (Rs 400 crore, Anantapur).
Electronics & Semiconductors: 1 MoU worth Rs 4,300 crore, with 10,000 jobs, led by fabrIQ Private Limited (An Analog & MEIL JV Company) (Rs 4,300 crore).
Aerospace & Defence: 8 MoUs and 2 G.O.s worth Rs 3,406 crore, with 3,180 jobs, led by Astrobase Space Technologies Pvt. Ltd. (Rs 800 crore, Sri Sathya Sai); Vajrashakti Ventures Private Limited (Rs 500 crore, Nellore); Aditya Precitech Limited: Missiles, Loitering Munitions & Drones Facility (G.O.) (Rs 500 crore).
The MoUs of other sectors include 19 MoUs and 1 G.O. worth Rs 8,193 crore across Textiles & Garmenting; Pharma & Life Sciences; Industrial Parks & Logistics; Circular Economy; Tourism & Hospitality; Ports, Shipbuilding & Maritime; Footwear; Skill Development.
Kia India signed MoU of Rs 18,878 crore (US$2 billion) will add 2 lakh vehicles a year at Penukonda, taking capacity past 6 lakh, with 12,000 new jobs.
Every MoU is tracked until the project is in production, and Government Orders are issued once projects are approved by the State Investment Promotion Board.
Since June 2024, Andhra Pradesh has drawn investment intent for 714 projects worth Rs 22.6 lakh crore, with the potential to create 19.3 lakh jobs. Of these, 526 projects worth Rs 17.2 lakh crore have been converted, and 303 worth Rs 7.1 lakh crore are grounded or being grounded till October 2026.
About 1,850 delegates are taking part: 1,400 from India and 450 from 66 countries, including 14 overseas Ministers and 82 diplomats in the present CII PartnershipSummit. The programme has about 35 sessions, country dialogues and about 400 B2B meetings. The AP Pavilion and the MSME Exhibition, The Andhrapreneurs, open to the public on 14 November.