Archive · 8 Oct 2026
Naidu Says Andhra Pradesh Secured Rs 22 Lakh Crore Investments
Andhra Pradesh Chief Minister Chandrababu Naidu said the state has attracted Rs 22 lakh crore in investments over 28 months.
He shared this at an event in New Delhi ahead of the CII Partnership Summit 2026.
He said the state wants to attract more businesses and create jobs.
Naidu said it is important for investment agreements to turn into real projects.
He named companies including Google and ArcelorMittal as setting up operations in the state.
He also described plans for clean-energy projects and a shipbuilding centre.
Union Minister Piyush Goyal said the central government supports the state's development.
He invited businesses to explore opportunities at the upcoming summit in Visakhapatnam.
Chief Minister Nara Chandrababu Naidu said Andhra Pradesh secured Rs 22 lakh crore in investments over the past 28 months.
He said agreements worth Rs 13.50 lakh crore were signed at last year's CII Partnership Summit, while stressing that MoUs must become actual investments.
Naidu said ArcelorMittal and Google are setting up operations in the state, and Google is establishing a data centre in Visakhapatnam.
He said agreements have been signed for 110 gigawatts of power as part of a 500-gigawatt green energy target.
Union Minister Piyush Goyal praised the state's investment prospects and urged industrialists to attend the summit in Visakhapatnam.
- Who
- Andhra Pradesh Chief Minister Nara Chandrababu Naidu and Union Commerce and Industry Minister Piyush Goyal.
- What
- Naidu said Andhra Pradesh secured Rs 22 lakh crore in investments over 28 months and outlined plans to attract further investment.
- When
- Thursday; the investment figure covers the past 28 months. The event was a curtain-raiser for the CII Partnership Summit 2026.
- Where
- The curtain-raiser event was held in New Delhi; the upcoming summit is planned for Visakhapatnam.
- Why
- The state says it aims to become a leading destination for investment, industry and employment.
- Investment reported
- Rs 22 lakh crore over the past 28 months, according to Naidu.
- Previous summit agreements
- Rs 13.50 lakh crore in agreements were signed at last year's partnership summit, Naidu said.
- Green energy target
- 500 gigawatts; agreements for 110 gigawatts of power have been signed, according to Naidu.
- Upcoming summit
- CII Partnership Summit 2026, with the event promoted in Visakhapatnam.
- Shipbuilding proposals
- Mazagon Dockyard Limited was said to be planning a centre at Dugarajapatnam; Goa Shipyard agreed to a facility at Machilipatnam.
- Policy announcement
- Naidu said the NALA Act, which he described as a hurdle to investment, had been repealed.
- Escrow account
- Naidu said the industrial incentives escrow account would be launched on November 12–13.