AP bags 1.05 lakh cr investment deals from 24 companies at CII Summit

On the second day of the CII Partnership Summit at Visakhapatnam, 24 companies inked deals with the Andhra Pradesh government for a total investment of 1,05,634 crore.

The deals were signed in front of Minister Nara Lokesh who held discussions with industrialists from various sectors on investment proposals. These deals would create jobs for 75,055 people.

The investments were made across several sectors including aerospace, information technology, electronics, data centres, semiconductors, healthcare and renewables.

Panchsheel Realty is investing 37,000 crore for setting up a hyperscale data centre. AM AI Factory is establishing an integrated AI data centre with an investment of 31,387 crore. Waaree Energies has invested 10,000 crore and CleanMax Enviro Energy is investing 8,000 crore.

Smax Digitech is investing 5,770 crore for sports villages and sports clubs. Defence, aviation and healthcare sector deals have also been signed.

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Pavan Bandari

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I am content writer with six years of experience in entertainment and politics besides other modules as well.