7 hrs ago
Andhra Pradesh Secures Nearly Rs 25,000 Crore in Vizag Investments
Andhra Pradesh held a conference in Visakhapatnam to attract businesses and investment.
The government said it secured nearly Rs 25,000 crore in investment commitments through 31 agreements.
These agreements are expected to create nearly 57,000 jobs.
Four companies named in the announcement made some of the largest commitments.
At the same time, 33 projects worth Rs 3,519 crore were started or opened.
Those projects are expected to provide 9,449 direct jobs.
The government plans to hold more regional conferences through October.
The events are leading up to a business summit in Visakhapatnam in November.
Andhra Pradesh announced nearly Rs 25,000 crore in investments at its first regional conference at IIM-Visakhapatnam.
The 31 investment agreements are expected to create nearly 57,000 jobs.
Himadri Speciality Chemical, Oriana Power, Granules India and ReNew Photovoltaics made major investment commitments.
Separately, 33 projects worth Rs 3,519 crore were grounded or inaugurated, with 9,449 direct jobs expected.
Further regional conferences are planned through October, ahead of the CII Partnership Summit in Visakhapatnam on November 12 and 13.
- Who
- The Andhra Pradesh government and companies making investment commitments.
- What
- A regional conference announced nearly Rs 25,000 crore in investments through 31 agreements, expected to create nearly 57,000 jobs.
- Where
- IIM-Visakhapatnam, Andhra Pradesh.
- When
- The conference was reported on Wednesday; the CII Partnership Summit is scheduled for November 12 and 13.
- Why
- The regional conferences are intended to attract investment and prepare for the 31st CII Partnership Summit.
Key facts
- Investment announced
- Nearly Rs 25,000 crore
- Agreements
- 31
- Jobs expected from agreements
- Nearly 57,000
- Projects grounded or inaugurated
- 33 projects worth Rs 3,519 crore
- Direct jobs from those projects
- 9,449
- CII Partnership Summit
- Scheduled for November 12 and 13 in Visakhapatnam
- Major commitments
- Himadri Speciality Chemical Ltd: Rs 5,000 crore; Oriana Power Limited: Rs 4,500 crore; Granules India Limited: Rs 4,000 crore; ReNew Photovoltaics: Rs 1,500 crore
Quotes
Andhra Pradesh government official release
Official release describing the regional conference and investment commitments
“Signalling a major acceleration in the state's industrial execution, the government of Andhra Pradesh (has) successfully concluded the first of five regional conferences at IIM-Visakhapatnam, securing investments and project groundings worth over Rs 25,000 crore”
deccanchronicle.com
Sources
Related news
Andhra Pradesh Targets Rs 23 Lakh Crore Investments and 20 Lakh Jobs
Andhra Pradesh Highlights Investment Push at CII Regional Summit
Amaravati Regional Conference To Highlight Industrial Investment Opportunities
Naidu Promotes Andhra Pradesh as Investment and Employment Destination
Andhra Cabinet Clears Rs 22,178 Crore Investments, Infrastructure Measures
Andhra Pradesh Clears Rs 22,178 Crore Tech Investment Push
India’s MTF Book Crosses ₹1.5 Lakh Crore in September
Viksit Bharat Pharma Conclave Highlights Technology and Career Opportunities
TiE Women Asia Summit 2026 Connects Women Founders
NEXUS India 2026 R&D Conference Returns to Mumbai in October
