Total Investments Reach ₹32.49 Lakh Crore in two-and-a-half years, says Chief Minister Chandrababu Naidu
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday announced that the State is set to sign 303 additional Memorandums of Understanding (MoUs) involving proposed investments worth ₹9.89 lakh crore.
Addressing the inaugural session of the 31st CII Partnership Summit in Visakhapatnam, the Chief Minister invited entrepreneurs and industrialists participating in the two-day event to come forward with investment proposals and sign MoUs with the State government.
Naidu said the government was ready to extend full support to entrepreneurs interested in setting up industries in Andhra Pradesh. He urged every entrepreneur attending the summit to consider signing at least one MoU before leaving the event.
The Chief Minister said the State government had presented detailed information on investment opportunities, industrial potential and initiatives being undertaken to attract investments.
He further stated that with the proposed 303 MoUs, Andhra Pradesh’s total investment commitments over the past two-and-a-half years would reach ₹32.49 lakh crore.
Describing the figure as the highest investment commitment secured by any State in the country, Naidu thanked entrepreneurs and investors for reposing their confidence in the Andhra Pradesh government.
