CII Partnership Summit Day 1: AP clinches Rs 5.84L-cr investment pledges

Visakhapatnam: Andhra Pradesh secured investment commitments involving Rs 5,84,355 crore on the opening day of the 31st CII Partnership Summit 2026 here on Thursday, with 88 agreements and Government Orders carrying the potential to generate 1,07,693 jobs.

The announcements buttress the state’s push to position itself as a major destination for large-scale manufacturing, clean energy, and emerging industries.

The commitments, firmed up on Thursday in the presence of Chief Minister N Chandrababu Naidu, IT and HRD Minister Nara Lokesh, and other state ministers, comprised 73 memoranda of understanding (MoUs) involving Rs 5,35,113 crore and 15 Government Orders (G.O.s) representing investments totalling Rs 49,242 crore.

Reliance Industries Limited emerged as the single largest investor, proposing an investment of Rs 2,73,000 crore in East Godavari district, with an estimated 5,000 jobs. Other major manufacturing commitments included Rashmi Metallurgical Industry’s Rs 18,500-crore project in Srikakulam and the JSW Group’s Rs 15,000-crore investment in Kadapa.

General manufacturing accounted for the largest sectoral share, with 23 MoUs and five GOs valued at Rs 3,57,386 crore and carrying the potential to create 44,838 jobs. Renewable energy followed with seven MoUs and five GOs worth Rs 1,65,020 crore, involving an estimated 16,600 jobs.

The renewable energy commitments include Rs 45,000 crore from Greenko Energies across multiple districts, Rs 41,000 crore from Clean Max Enviro Energy Solutions, also across multiple districts, and Rs 36,000 crore from Megha Engineering and Infrastructures for a project in Krishna district.

Other significant proposals include GAIL India’s Rs 13,500-crore chemicals and petrochemicals project in Srikakulam and a Rs 4,300-crore electronics and semiconductor investment by fabrIQ, a joint venture between Analog and MEIL, involving 10,000 jobs.

The automobile and electric vehicle segment attracted commitments worth Rs 21,285 crore, with 13,600 potential jobs. These include investments by Kia India, Hero MotoCorp, and Singapore-based MNL Solutions.

A major highlight was Kia India’s MoU for an investment of Rs 18,878 crore (about $2 billion) to expand its manufacturing operations at Penukonda in Sri Sathya Sai district. The expansion is expected to add annual production capacity of two lakh vehicles, taking the company’s total capacity beyond six lakh vehicles a year, and generate 12,000 jobs.

The summit also saw commitments across chemicals, food processing, aerospace and defence, pharmaceuticals, textiles, industrial parks, logistics, tourism and hospitality. The aerospace and defence segment, in particular, recorded eight MoUs and two GOs worth Rs 3,406 crore, with the potential to create 3,180 jobs.

The state government said it tracks MoUs until projects reach production, while Government Orders are issued after proposals receive approval from the State Investment Promotion Board.

Since June 2024, Andhra Pradesh has attracted investment intent for 714 projects worth Rs 22.6 lakh crore, with the potential to generate 19.3 lakh jobs.

Of these, 526 projects worth Rs 17.2 lakh crore have been converted, while 303 projects valued at Rs 7.1 lakh crore had been grounded or were in the process of being grounded by the end of October 2026.

The Partnership Summit, which will conclude on November 13, has brought together around 1,850 delegates, including 450 international participants, from 66 countries.

ABOUT THE AUTHOR

K Varaprasada Rao

K Varaprasada Rao[email protected]

K Varaprasada Rao is a Senior Reporter with The Hans India, covering the Andhra Pradesh Secretariat, Chief Minister's Office (CMO), State Legislative Assembly, Legislative Council and political affairs. With over 20 years of experience in journalism in Andhra Pradesh, he has extensively reported on governance, public policy, politics, and socio-economic issues that shape the state's development and influence the country's evolving landscape. He holds a postgraduate degree in Journalism and Mass Communication. His reporting focuses on finance, industries, irrigation, agriculture, infrastructure, investment, public administration, and political developments, with a particular interest in analysing their long-term economic and social impact.

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