VISAKHAPATNAM: Two days before the CII Partnership Summit, the Andhra Pradesh government said on Tuesday that it had converted 526 of the 714 investment proposals received since June 2024. In a release, it put their value at ₹17.2 lakh crore and their employment potential at 19.3 lakh jobs.
The state's numbers
- Total pipeline: ₹22.6 lakh crore; about 76% of it by value converted
- Still under consideration: 188 projects worth ₹5.4 lakh crore
- Grounded or due to be grounded: 303 projects worth ₹7.1 lakh crore, with 7.7 lakh jobs
- Five regional conferences in October: 195 MoUs worth ₹85,561 crore
The government listed NTPC Green Energy's ₹1.85 lakh crore green hydrogen hub at Pudimadaka, AM/NS India's ₹1.36 lakh crore steel project at Nakkapalli and BPCL's proposed ₹96,862 crore refinery at Ramayapatnam among the largest projects. It said Kia's Penukonda plant and 35 ancillary units account for 24,237 direct jobs. FDI rose from $92 million in 2023–24 to more than $600 million in 2025–26, according to government figures.
The 31st CII Partnership Summit is expected to draw delegates from nearly 60 countries to Visakhapatnam on November 12 and 13. The test for the state will be turning announced investments into projects that reach commercial production and create jobs.
