Rs 17.1 lakh cr projects take shape in AP

Amaravati: Andhra Pradesh has converted 526 out of 714 investment proposals received by the state into projects involving investments of Rs 17.1 lakh crore. Of these, 303 projects worth Rs 7.3 lakh crore have been grounded, according to the state government’s November 2026 project status report released on Sunday.

The report said the 714 proposals represent a total investment commitment of Rs 22.6 lakh crore and have the potential to generate employment for 19.2 lakh people. However, 188 proposals involving Rs 5.5 lakh crore and offering potential employment to 6.3 lakh people are yet to be converted into projects.

The industries department accounts for 219 proposals worth Rs 6.1 lakh crore, with employment potential of 6.9 lakh people. Of these, 165 proposals involving Rs 5.4 lakh crore have been converted into projects, while 95 projects worth Rs 2.8 lakh crore have been grounded.

The IT and electronics sector has received 119 proposals worth Rs 6.4 lakh crore. Of these, 88 have been converted into projects involving Rs 4.6 lakh crore, while 35 projects worth Rs 1.2 lakh crore have reached the ground stage.

The New and Renewable Energy Development Corporation accounts for 140 proposals worth Rs 8.5 lakh crore. Of these, 111 have been converted into projects and 52 have been grounded, involving investments of Rs 2.7 lakh crore and potential employment for 3.1 lakh people.

Food processing has attracted 49 proposals worth Rs 19,000 crore, of which 41 have been converted and 31 grounded. Tourism accounts for another 126 proposals involving Rs 24,000 crore.

The proposed investments cover steel, solar manufacturing, data centres, electronics, pharmaceuticals, food processing, healthcare, textiles, aviation and tourism. Anakapalli has attracted major industrial proposals, including the ArcelorMittal Nippon Steel India project and a proposed data centre investment of Rs 85,200 crore. Visakhapatnam has also received several proposals in IT, data centres and services.

Meanwhile, APIIC has taken possession of 24,673 acres for industrial development since June 2024. Its total industrial land bank exceeds 1.1 lakh acres, of which 45,664 acres are available for allotment and 65,228 acres are under development.

APIIC has requisitioned 88,955 acres since June 2024, including 31,315 acres of government land. Of the latter, 14,796 acres have been handed over to the corporation. Prakasam topped the districts with 5,790 acres taken into possession, followed by Anakapalli (3,152 acres) and Kurnool (2,517 acres). APIIC has allotted 33,474 acres to industries since 2014, including 6,392 acres in 2025 and 5,845 acres in 2026.

The corporation has also laid 289.2 km of roads and 370.7 km of water pipelines during 2024-26, spending Rs 2,747.3 crore. It is developing 175 MSME parks and has approved 11 private industrial parks spread across 4,596 acres since June 2024.

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The Hans India