Andhra Pradesh has secured fresh investment commitments worth `1,41,585 crore on the second day of the 31st CII partnership summit, with Chief Minister N. Chandrababu Naidu overseeing the signing of 12 agreements.
The agreements are expected to generate 10,919 jobs across renewable energy, data centres, manufacturing, ports, aerospace and social development.
Major companies, including JSW, Indian Oil Corporation, GreenGen Renewable Energy, AirTrunk India-JCK Infra, Dixon Technologies and Kakinada Seaports, signed agreements with various state government departments in the chief minister’s presence.
The largest proposal came from AirTrunk India-JCK Infra, which signed an MoU with the IT department to establish data centre campuses and telecom infrastructure with a capacity of 1,400mw. The project involves an investment of `1,03,018 crore and is expected to generate 3,120 jobs.
GreenGen Renewable Energy committed `8,000 crore, while IOC proposed an investment of `6,600 crore in the renewable energy sector.
Kakinada Seaports Ltd signed an agreement with the AP maritime board to establish a mechanised berth, regasification plant and shipbuilding complex at Kakinada port, involving an investment of `6,452 crore and 852 jobs.
Dixon Technologies proposed an investment of `700 crore, with 2,300 jobs expected to be created.
In the aerospace sector, Agnikula Cosmos signed an agreement to establish an orbital data centre and rocket manufacturing facility in Tirupati district, with an investment of `510 crore and 350 jobs. Hattori Rocket Pvt Ltd committed `250 crore. The Jindal Group announced plans to invest `15,000 crore in mining operations in Prakasam district, creating 2,500 jobs.
The APCRDA also signed an agreement with EIH Limited for an Oberoi hotel in Amaravati.
Two agreements were signed under the state’s flagship P4 initiative. Hero MotoCorp committed `32.48 crore towards Brijmohan Munjal scholarships for 1,120 IIIT students, while ITC partnered with the Swarnandhra P4 Foundation to support 25,000 families across 100 villages.
Addressing industrialists, Naidu said the government’s priority was not merely to sign agreements but to ensure that projects were implemented quickly. He assured investors of the government’s support and invited premier institutions such as the IITs to use AP as a “living laboratory” for research and innovation.
On the sidelines of the summit, Naidu met RPSG group managing director Shashwat Goenka and invited further investments in green energy, battery storage, green hydrogen and IT services.
He also met Saint-Gobain CEO N. Sridhar, who announced a `1,750-crore float glass plant near Atchutapuram in Anakapalli district, expected to create 400 jobs. The company also expressed interest in expanding its investments in construction materials and skill development.
Panchshil Realty chairman Atul Chordia presented proposals for a data centre in Anakapalli and an IT park in Visakhapatnam, involving investments of `49,311 crore and the potential to generate 29,600 jobs.
Naidu also met Guatemala vice-foreign minister Julio Eduardo Orozco Pérez to discuss agricultural value addition, natural farming and investment opportunities in AP.
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