Particle.news
Download on the App Store

Andhra Pradesh Closes CII Summit With ₹13.25 Lakh Crore in MoUs Across 613 Deals

Officials plan automatic escrow accounts with sovereign backing to convert pledges into fast‑moving projects.

Overview

  • Chief Minister N. Chandrababu Naidu said the agreements carry a potential of about 16.3 lakh jobs after the two-day summit in Visakhapatnam.
  • Energy drew the largest share of commitments at roughly ₹5.33 lakh crore, with additional pledges across industry, infrastructure, and IT-electronics.
  • Adani Group outlined a ₹1 lakh crore plan over 10 years, and reports from the summit cited a planned Google–Adani AI hub in Visakhapatnam.
  • Reliance announced a 1 GW AI data centre in the state backed by a 6 GWp solar project and a greenfield integrated food park in Kurnool.
  • The state inked an MoU with the World Economic Forum for a Centre for Energy and Cyber Resilience, as regional political rivals traded barbs over a South Korean footwear project shifting to Andhra Pradesh.