Archive · 8 Oct 2026
Naidu Promotes Andhra Pradesh as Investment and Employment Destination
Andhra Pradesh wants more companies to invest and create jobs.
Chief Minister Chandrababu Naidu described this plan as “Build AP.”
He said the state has attracted large investment commitments and is developing projects in several industries.
These include clean energy, shipbuilding, electronics and data centres.
The government also wants to connect rivers to help address water shortages.
It plans to use technology, including artificial intelligence, to help make decisions and improve services.
Union Minister Piyush Goyal said Andhra Pradesh is important to India’s development.
He said the national government is supporting projects in the state.
Chief Minister N. Chandrababu Naidu said Andhra Pradesh is pursuing a “Build AP” approach to attract investment and create jobs.
Naidu said the state secured investments worth ₹22 lakh crore over 28 months and signed MoUs worth ₹13.50 lakh crore at last year’s Partnership Summit.
The state is pursuing projects in data centres, shipbuilding, green energy, drones, electronics, semiconductors and quantum computing.
Naidu outlined plans including river interlinking, a Green Energy Transmission Corridor and turning Rayalaseema into a global horticulture hub.
Union Minister Piyush Goyal praised Andhra Pradesh’s role in India’s development and said the Union Government supports the state’s growth.
- Who
- Andhra Pradesh Chief Minister N. Chandrababu Naidu and Union Commerce and Industry Minister Piyush Goyal.
- What
- They discussed investment opportunities, development projects and government support at a CII Partnership Summit-2026 curtain-raiser programme.
- When
- At the CII Partnership Summit-2026 curtain-raiser; the article does not state the programme’s date.
- Where
- New Delhi.
- Why
- To promote Andhra Pradesh as a destination for investment and employment and discuss its development plans.
- Investment secured
- Naidu said Andhra Pradesh had secured investments worth ₹22 lakh crore over the past 28 months.
- Summit MoUs
- Naidu said MoUs worth ₹13.50 lakh crore were signed at the previous year’s Partnership Summit.
- Green energy target
- The state’s target is 500 GW; agreements had been signed for 110 GW of generation.
- Incentives escrow account
- Naidu said it would be launched on November 12 and 13 this year; the article does not specify the calendar year.
- Shipbuilding proposals
- Mazagon Dock Shipbuilders Limited proposed a centre at Dugarajapatnam, and Goa Shipyard agreed to set up a facility at Machilipatnam.
- Central support
- Naidu said the Union Government was providing financial assistance for Polavaram and Amaravati capital development and had approved semiconductor units in Visakhapatnam and other parts of the state.
- Additional initiatives
- The state is planning a Green Energy Transmission Corridor and developing quantum computing activities in Amaravati.