Amaravati, Oct 13 Andhra Pradesh has lined up 115 memoranda of understanding (MoUs) involving proposed investments of Rs 79,628.04 crore, with the potential to generate employment for 1.8 lakh people, ahead of the 31st CII Partnership Summit 2026 in Vishakapatnam.
The agreements are scheduled to be finalised in three conferences to be held in Amaravati on October 16, Ananthapuramu on October 23 and Tirupati on October 26, according to a press note issued by the state Industries and Commerce Department.
“The state (government) has lined up 115 MoUs involving proposed investments of Rs 79,628.04 crore, with the potential to generate employment for around 1.8 lakh people, at three upcoming regional conferences ahead of the CII Partnership Summit in Visakhapatnam,” said an official press release on Tuesday.
The government has planned five regional conferences across the state to promote investment opportunities in different sectors ahead of the CII Partnership Summit, scheduled to be held in Visakhapatnam on November 12 and 13.
The first two conferences were held in Visakhapatnam on October 7 and Kakinada on October 12, where 46 MoUs were signed, the press note said.
The proposed investments target a wide array of key growth sectors, including Quantum Valley, capital city development, aerospace and defence, automotive, natural farming, horticulture, food processing and renewable energy.
Other sectors are tourism and hospitality, electronics manufacturing, semiconductors and advanced materials, space and footwear.
(PTI News)
