Visakhapatnam:Chief Minister N. Chandrababu Naidu on Thursday announced that the proposed Google Data Centre would be completed and inaugurated here on August 15, 2028.
Addressing the inaugural session of the 31st CII partnership summit, Naidu said AP had attracted investment proposals worth Rs 32.49 lakh crore since June 2024. These included 303 MoUs worth `9.89 lakh crore that are expected to be signed during the present summit.
He said projects with a combined data centre capacity of 4.6gw had received approvals in the state. The Amaravati Quantum Valley, described as South Asia’s first quantum technology ecosystem, would be inaugurated on February 3, 2027. A quantum computing manufacturing facility would also be developed on more than 250 acres in Amaravati.
On the first day of the summit, 73 MoUs and 15 government orders worth Rs 2, 5,84,355 crore were exchanged in the presence of Naidu and senior minister Nara Lokesh. The projects are expected to generate 1,07,693 jobs across various sectors.
Manufacturing accounted for the largest share of investments, with Rs 2, 3,57,386 crore committed through 23 MoUs and five government orders. Reliance Industries proposed an investment of Rs 2,73,000 crore in East Godavari district, followed by Rashmi Metallurgical Industry’s `18,500 crore project in Srikakulam and JSW Group’s Rs 15,000 crore investment in Kadapa.
The renewable energy sector attracted promises of`1,65,020 crore through seven MoUs and five government orders. Major commitments included `45,000 crore from Greenko Energies, Rs 41,000 crore from Clean Max Enviro Energy Solutions and `36,000 crore from Megha Engineering & Infrastructures across multiple districts.
In the automobile and electric vehicle sector, four MoUs worth Rs 21,285 crore were signed. Kia India announced an investment of Rs 18,878 crore to expand its Penukonda facility, increasing its annual production capacity by two lakh vehicles and creating around 12,000 jobs.
Other agreements covered chemicals and petrochemicals, food processing, electronics and semiconductors, aerospace and defence, logistics, pharmaceuticals, tourism, ports and skill development.
Naidu said the government was focusing on converting investment commitments into operational projects. Since June 2024, the state had received proposals for 714 projects worth `22.60 lakh crore, with the potential to generate 19.3 lakh jobs. Of these, 526 projects worth `17.20 lakh crore had received approvals, while 303 projects worth `7.10 lakh crore had either broken ground or were in advanced stages of implementation.
The CM also outlined plans for four new ports at Ramayapatnam, Mulapeta, Machilipatnam and Kakinada Gateway. Together, they are expected to add 108 million tonnes of annual cargo-handling capacity to the state’s existing port network.
Naidu reiterated that the Polavaram project was targeted for dedication to the nation by June 2027.
The two-day summit has drawn around 1,850 delegates, including 450 participants from 66 countries, 14 overseas ministers and 82 diplomats. The event features business sessions, country dialogues and more than 400 business-to-business meetings.
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