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Andhra Pradesh Wraps CII Summit With ₹13.25 Lakh Crore in MoUs as AI, Energy Deals Dominate

The state is banking on escrow-backed guarantees with monthly monitoring to turn pledges into projects.

Overview

  • Officials reported 613 agreements totaling ₹13,25,617 crore, with energy leading at about ₹5.33 lakh crore, followed by industry, infrastructure and IT-E&C.
  • The commitments are projected to create roughly 16.3 lakh jobs, with the Chief Minister pledging full follow-through to convert announcements into grounded investments.
  • Headline plans include Google’s reported $15 billion AI hub with Adani in Visakhapatnam, Reliance’s planned 1‑GW AI data centre backed by a 6 GWp solar build-out, and Adani Group’s ₹1 lakh crore decade-long investment.
  • Institutional and infrastructure tie-ups include an MoU with the World Economic Forum for a Centre for Energy & Cyber Resilience, a greenfield airport plan for Srikakulam with AAI, and a Goa Shipyard warship-building unit at Machilipatnam.
  • Early execution signals featured foundation stones for three Raymond projects worth ₹1,201 crore and new activity at Sri City, while the CM noted the Google data-centre timeline has minor developer issues to sort but remains on course.