Andhra Pradesh attracted Rs 9.89 lakh crore in investment commitments through 303 MoUs at the CII Summit 2026. CM Chandrababu Naidu announces real-time clearances and an Investments Protection Act.
Andhra Pradesh has attracted investment commitments worth Rs 9.89 lakh crore through 303 Memoranda of Understanding (MoUs) at the 31st CII Partnership Summit 2026, Chief Minister N. Chandrababu Naidu announced on Friday. The proposed investments are expected to generate employment opportunities for approximately 3.48 lakh people across various sectors.
Addressing the media after the conclusion of the two-day summit held in Visakhapatnam on November 12 and 13, the Chief Minister said the government was committed to creating an investor-friendly environment through faster approvals, policy stability and transparent governance.
Naidu announced that the state would introduce a system of real-time industrial clearances based on self-certification to simplify the process of setting up industries. He also said the government would enact an Investments Protection Act with retrospective effect from 2024 to address investors' concerns about policy uncertainty during changes in governments.
Explaining the investment figures, the Chief Minister said 194 MoUs worth Rs 86,522 crore had been signed during regional investment conferences conducted between October 7 and 26. These proposals are expected to generate around 1,47,951 jobs.
At the Visakha CII Partnership Summit, another 109 MoUs involving investments worth Rs 9,02,434 crore were signed, with an estimated employment potential of 2,00,358 jobs.
Together, these commitments have taken the total investment proposals received by Andhra Pradesh since June 2024 to Rs 32.49 lakh crore, he said.
Highlighting Visakhapatnam's growing prominence, Naidu said the city was steadily strengthening its position as a major destination for business, technology and investment.
He pointed out that Visakhapatnam secured the first position among million-plus cities in the Swachh Shehar category of Swachh Survekshan 2025–26. Andhra Pradesh also received six national cleanliness awards.
The city ranked first in women's safety in the NARI 2025 rankings and topped LinkedIn's Cities on the Rise list for the second consecutive year. Vijayawada also secured a place among the country's top 10 cities for the second successive year.
The Chief Minister said Visakhapatnam had the potential to develop into a major IT, knowledge and rare earth minerals hub.
Referring to emerging technological opportunities, Naidu said young entrepreneurs were coming forward with innovative ideas, particularly in the space technology sector.
He revealed that some entrepreneurs who participated in the summit had expressed interest in establishing data centres in space. Technology, creativity and innovative thinking would open up new possibilities for the future, he observed.
The Chief Minister stressed that economic development would be meaningful only when its benefits reached the poorest sections of society.
He said the government was working towards building an inclusive society in which wealth creation and economic opportunities reached people at the grassroots level.
He expressed satisfaction that several corporate organisations were coming forward to support underprivileged families through the P-4 programme.
Naidu announced that health records of people in the state would be made available online from January 1, enabling easier access to medical information.
He said the initiative was part of the government's efforts to expand the use of technology in public services and improve governance.
The Chief Minister said the government was promoting products manufactured by women's self-help groups under the 'Swayam' brand to improve their marketing opportunities and market reach.
Reiterating the government's commitment to women's empowerment, he said women had secured around 60 per cent of the elected positions in the recent local body elections.
Commenting on the recent local body election results, Naidu said the outcome demonstrated that good governance and effective delivery of public services could strengthen people's confidence in a government.
He added that the coalition parties had secured a higher share of votes in the elections, reflecting public support for the government's policies and administration.
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