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