Andhra Pradesh has secured investment commitments worth more than ₹9.02 lakh crore through 109 Memorandums of Understanding (MoUs) signed during the 31st Confederation of Indian Industry (CII) Partnership Summit held in Visakhapatnam, PTI news agency reported.

The proposed investments are expected to generate more than two lakh employment opportunities across multiple sectors.

The two-day summit reinforced Andhra Pradesh’s position as one of India’s leading investment destinations, attracting commitments from major domestic corporations, multinational companies and emerging technology firms. The agreements span sectors including data centres, space technology, renewable energy, Agro-processing, manufacturing and advanced industrial development.

Speaking at the conclusion of the summit, Chief Minister N Chandrababu Naidu highlighted the state’s recent investment momentum, noting that Andhra Pradesh had signed MoUs worth ₹32.5 lakh crore during the last two CII Partnership Summits. Of this, ₹22.5 lakh crore worth of agreements were secured in 2025.

“First one was for ₹22.5 lakh crore (MoU), and 74 per cent conversion has happened; now we are planning for a 100 per cent conversion rate,” Naidu said, underlining the government’s focus on translating investment agreements into operational projects.

The Chief Minister said the state had received proposals from data centre operators, space sector companies, agro-processing firms and multinational corporations. Emphasising Andhra Pradesh’s technology-driven growth strategy, he stated: “Whatever the latest technologies you name, we are moving in that direction everywhere.”

Among the largest investors and companies making significant commitments are Reliance Industries Limited, Greenko Energies Private Limited, CleanMax Enviro Energy Solutions Limited, Megha Engineering & Infrastructures Limited and Kia India Private Limited.

The summit also highlighted growing interest in Andhra Pradesh’s developing space technology ecosystem. Reusable rocket manufacturer Agnikul Cosmos Private Limited proposed an investment of ₹510 crore, while Hathor Rockets announced plans to invest ₹250 crore.

In the renewable energy sector, Greenzone Renewable Energy Private Limited proposed an investment of ₹8,000 crore with the potential to create 200 jobs. Indian Oil Corporation Limited signed an agreement involving investments of ₹6,600 crore, expected to generate around 800 jobs.

Beyond industrial investments, Hero MotoCorp signed an MoU to provide scholarships worth ₹32.8 crore to 720 Indian Institute of Technology students. ITC Limited also entered into an agreement aimed at improving livelihoods in 100 villages, including the development of 15 model villages.

Naidu urged investors to focus not merely on signing agreements but on rapidly grounding projects and ensuring timely execution. He assured businesses that the state government would provide full support to facilitate project implementation and investment expansion.

The Chief Minister further revealed that 5,000 acres near Tirupati have been earmarked for the space sector. He noted that the region is particularly well suited to industries associated with space and defence manufacturing, positioning it as a potential hub for high-technology industrial activity.

The annual CII Partnership Summit has evolved into one of Andhra Pradesh’s most important investment forums, helping the state attract substantial domestic and international investment while strengthening its ambitions in advanced manufacturing, clean energy, digital infrastructure and next-generation technologies.

Agencies