Andhra Pradesh’s pitch as a major investment destination received a significant boost on the opening day of the 31st CII Partnership Summit in Visakhapatnam, with the state government exchanging 88 investment agreements involving commitments worth ₹5.84 lakh crore and the potential to generate 1,07,693 jobs.
Reliance Industries Limited, Greenko Energies, Clean Max Enviro Energy Solutions, Megha Engineering and Infrastructure Limited and Kia India were among the biggest investors in a diverse portfolio spanning manufacturing, renewable energy, automobiles, chemicals, electronics and aerospace.
The 88 exchanges comprised 73 MoUs worth ₹5.35 lakh crore and 15 government orders (GOs) involving investments of ₹49,242 crore. The agreements were exchanged in the presence of Chief Minister N. Chandrababu Naidu, IT Minister Nara Lokesh and other state ministers.
The majority of the investment commitments came from Reliance Industries, which proposed an investment of ₹2.73 lakh crore in East Godavari district in the general manufacturing sector. The project is expected to generate 5,000 jobs.
The manufacturing sector emerged as the biggest beneficiary, attracting ₹3.57 lakh crore through 23 MoUs and five government orders, with a projected employment potential of 44,838. Apart from Reliance, Rashmi Metallurgical Industry committed ₹18,500 crore in Srikakulam, while the JSW Group proposed an investment of ₹15,000 crore in Kadapa.
Renewable energy turned out to be the second largest investment destination, attracting close to ₹1.65 lakh crore through seven MoUs and five GOs, with the potential to create 16,600 jobs. Greenko Energies committed ₹45,000 crore across multiple districts, followed by Clean Max Enviro Energy Solutions with ₹41,000 crore and Megha Engineering and Infrastructure with ₹36,000 crore in Krishna district.
The automobile and electric vehicle segment received a significant push from Kia India. Its proposed ₹18,878 crore investment at Penukonda in Sri Sathya Sai district will add an annual production capacity of two lakh vehicles, taking its overall capacity beyond six lakh vehicles. The expansion is expected to generate 12,000 jobs. Hero MotoCorp also committed ₹1,457 crore in Tirupati.
The chemicals and petrochemicals sector attracted ₹19,995 crore, led by GAIL India’s proposed ₹13,000 crore investment in Srikakulam. In electronics and semiconductors, fabrIQ Private Limited, a joint venture involving Analog and MEIL, committed ₹4,300 crore, with a projected 10,000 jobs.
A total of eight MoUs were signed in the aerospace and defence sector. The sector also saw two GOs involving ₹3,406 crore and 3,180 jobs. Astrobase Space Technologies committed ₹800 crore in Sri Sathya Sai district, while other proposals included defence manufacturing facilities for missiles, loitering munitions and drones.
Food processing attracted ₹4,770 crore, while other commitments covered textiles, pharmaceuticals, industrial parks, logistics, tourism, hospitality and maritime industries.
Since June 2024, Andhra Pradesh has received investment intent for 714 projects worth ₹22.6 lakh crore, with an estimated employment potential of 19.3 lakh. Of these, 526 projects worth ₹17.2 lakh crore have been converted, while 303 projects involving ₹7.1 lakh crore have been grounded or are in the process of being grounded, according to the government’s figures as of October 2026.
The numbers offer an indication of the scale of investor interest. But with Reliance’s mammoth commitment accounting for a substantial share of the latest announcements, the challenge will be to ensure that the investment pipeline translates into factories, production and employment across districts.
For Chandrababu Naidu and his TDP government, the summit turned into an opportunity to turn Andhra Pradesh’s investment ambitions into a sustained industrial expansion.
