AP Moves Fast After Rs 13.25 Lakh Cr Investment Surge

The Andhra Pradesh government opened a new chapter in its investment push by securing 613 Memoranda of Understanding (MoUs) worth Rs 13.25 lakh crore at the 30th CII Partnership Summit. With the agreements in place, the administration has shifted its focus from drawing investments to turning them into projects on the ground.

Industry leaders say the scale of participation reflects growing confidence in the state’s economic direction. Visakhapatnam is emerging as a key hub for AI, data centers, and Global Capability Centres. At the same time, the government works to strengthen three major economic corridors across Coastal Andhra, the Krishna-Guntur (Amaravati) region, and Rayalaseema.

Chief Minister N. Chandrababu Naidu has appointed a Group of Ministers to monitor project progress in real time. The goal is to ground all projects within three and a half years, a timeline that will demand steady oversight and quick decisions.

Earlier investment summits saw large MoUs but lower conversion rates: Rs 4.78 lakh crore in 2016, Rs 10.5 lakh crore in 2017, and Rs 4.39 lakh crore in 2018. This time, the government plans to improve follow-through by deploying escort teams to support major investors and resolve hurdles as they arise.

The Bhogapuram International Airport reflects this renewed urgency, with GMR Group Chairman G. M. Rao announcing that the project will be completed ahead of schedule. The summit’s initial target of Rs 9.8 lakh crore in investments has risen to Rs 13.25 lakh crore, expected to generate 1.63 million jobs, with Visakhapatnam accounting for a major share.

Mr. Naidu has reiterated that the state remains committed to balanced regional development through its planned economic corridors.