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Andhra Pradesh Closes CII Summit With ₹13.2 Lakh Crore Pledges, WEF Cyber-Energy Centre Deal

The state moved to convert MoUs into projects with a new escrow, sovereign‑guarantee system that automates incentive disbursals.

Overview

  • Over two days, officials reported nearly 640 MoUs committing about ₹13.2 lakh crore with an estimated 16.3 lakh jobs.
  • The energy sector drew roughly ₹5.33 lakh crore in planned investment, ahead of industries, infrastructure and IT.
  • A World Economic Forum agreement will establish a Centre for Energy & Cyber Resilience in the state to link clean energy innovation with cybersecurity.
  • Chief Minister N. Chandrababu Naidu virtually laid the foundation for three Raymond Group projects worth ₹1,201 crore in Anantapur, expected to generate about 6,500 jobs with operations targeted by 2027.
  • Naidu inaugurated five units in Sri City and oversaw pacts for 12 additional projects worth about ₹2,320 crore with 12,365 jobs, while calling the escrow mechanism the summit’s standout reform.