Sixteen companies have signed agreements with the Andhra Pradesh government and the Economic Development Board for investments worth ₹6,742 crore at the Confederation of Indian Industry’s regional summit held at Jawaharlal Nehru Technological University Kakinada (JNTUK) on Monday.
These projects are expected to generate 18,000 jobs. Among these, four projects worth ₹2,090 crore have already been grounded.
Separately, 35 projects worth ₹295.33 crore were either grounded or inaugurated, with the potential to create 4,039 jobs.
The program included 24 foundation-laying ceremonies and 11 inaugurations. These included the launch of SAF One’s sustainable aviation fuel plant in Kakinada and 31 micro, small and medium enterprise (MSME) units in Kakinada and East Godavari districts.
These investments are expected to contribute significantly to industrial growth and job creation in Andhra Pradesh. They will particularly boost economic activity in Kakinada and the East Godavari districts.
