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Andhra Pradesh Closes CII Summit With ₹13.25 Lakh Crore in MoUs, Big Tech–Energy Pledges

Officials unveiled escrow-backed incentives to speed project grounding.

Overview

  • The state reported 613 MoUs worth ₹13.25 lakh crore over two days, with potential for roughly 16 lakh jobs.
  • Energy drew the largest share at ₹5.33 lakh crore, ahead of industries, infrastructure and IT commitments.
  • Adani committed about ₹1 lakh crore over 10 years, while Reliance announced plans for a 1‑GW AI data centre in Andhra Pradesh.
  • The government and the World Economic Forum signed an MoU to establish a Centre for Energy & Cyber Resilience.
  • To convert pledges into projects, the state detailed automatic escrow accounts with sovereign guarantees and a monitoring plan, as Tamil Nadu officials criticized AP’s incentive model after a Korean footwear project moved.