Ad Here  
MOUs worth Rs.10.54 lakh crore signed Infra boost to the new capital Kochi Metro Rail Project Infrastructure to the FORE Development depends on land availability... Bringing magic of Rajasthan alive Competing for good: Tale of two states Pioneering education model Divide & Prosper Enchanting and enterprising Tamil Nadu Deputy Collector Sindhu! TN to suffer serious loss Leaky old lorries, mini cabs for techies... Bus services hit Info-Park, more space An industrious idea A blueprint for the future Lingayats get a reminder: it’s poll time Municipal Elections Fanciful Rao and tech-savvy Naidu Time to wake up Stirring the political cauldron ODISHA Miners asked to pay more KCR’s I-day bonanza TN to suffer serious loss A year of Telangana A neta at it again! KNPP with the grid Power for all Bifurcation yet to end water wars Come to Tamil Nadu where the action is... Doubling production and tripling farmers’ income... Wouldn’t the Mahatma like clean restrooms in our cities! States - Odisha Land acquisition policy is ahead of national policy... It indeed is attractive for investments TN can leverage NLC’s strengths... Oh, la la. A giant push for millets States Roundup Launch of ins vikrant, India’s first indigenous aircraft carrier Reducing carbon footprint... It’s Karnataka chalo for Amit Shah? Why the Congress won in Karnataka Industrial corridors to boost economy Enticing pest traps Green crimes galore With agriculture at its heart... MCL has a taste of judicial activism! Benevolent businessthan... Global Investors Meet Post Poned Waste disposal model Winds of change... ‘E’ for enterprise Flurry of collaborations inked by AP All these happened in TN… Monsoon fury Global meets galore Hype on Hyperloop SIPB clears big proposals Mango Diplomacy Vedanta to close Lanjigarh refinery Nod to cow slaughter bill When business flocks to MP... CII to set up tourism bureaus State Forward States - Kerala City of foaming lakes and fire Land scams rock AP & TS Tasks for the new government Inter-State boundary Bhubaneswar IIT cries for completion Thalaivaa Illegal mining of sand Promise of a productive year State of the States Homestays, a budding tourism industry Of development and welfare More government apps KTR releases Annual Report Technology has raised the bar... Strike over salary hike AP in better shape State under siege
MOUs worth Rs.10.54 lakh crore signed

Andhra Pradesh Chief Minister N Chandrababu Naidu did it again. The tech savvy honcho has inked 665 memoranda of understandings (MOUs) involving investment proposals worth Rs 10.54 lakh crore, at the recently held CII Partnership Summit at Visakhapatnam.  22.34 lakh jobs can be generated in Andhra if the prospective investors implemented the projects proposed.

Petroleum, automobiles, biopharma, textiles, energy and tourism sectors attracted sizeable investment proposals with Rs 1.43 lakh crore in the oil and gas industry. PSU oil companies, including ONGC, HPCL and GAIL came up with big ticket investments of  Rs 1.28 lakh crore. During the last edition of the CII summit, 328 MOUs were signed attracting investment proposals of Rs 4.67 lakh crore. Of these, around 50 per cent have been translated into investment, it is claimed. 

Naidu said that his government would appoint a liaison officer to pursue each of the MOUs and ensure needed support to implement it.  “We will provide permissions within 14 days,” he assured. 

Governor ESL Narasimhan pointed to the state making rapid strides since bifurcation in 2014. “Technology should be used for improvements in agriculture which in turn, will ensure food security,” he suggested. 

The CII organised the Partnership Summit in association with the Department of Industrial Policy and Promotion, Union Ministry of Commerce and the Andhra Pradesh government. 

Author :
Reported On :
Sector :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236