Andhra secures Rs 9.98 lakh cr worth of investment proposals at CII Summit 2026

Andhra Pradesh has secured investment commitments worth Rs 9.89 lakh crore at the 31st Confederation of Indian Industry (CII) Partnership Summit held in Visakhapatnam on November 12 and 13, Chief Minister Chandrababu Naidu said. He also said that the state government would provide clearances for industries in real time with self certification to encourage investors. 

Naidu also announced that the proposed ‘Investors Protection Act’ will be enacted with retrospective effect from 2024 to allay fears of investors during change of governments. The legislation will reportedly include provisions to ensure that any approvals granted to investors by an administration cannot be revoked when a different party comes into power. 

CM Naidu had on November 12 said that investors coming to the state had many doubts about “regime change” and had suffered because of “vindictive politics.” 

Speaking to media persons after the conclusion of the summit, the Chief Minister said Andhra Pradesh had attracted investments worth Rs 9,88,957 crore through 303 Memoranda of Understanding (MoUs) at the event. He said these investments have the potential to generate nearly 3.5 lakh jobs across various sectors.

These fresh commitments include 194 MoUs worth Rs 86,522 crore, with a potential to create around 1.5 lakh jobs, signed during regional conferences held between October 7 and 26. 

At the present summit, another 109 MoUs worth Rs 9,02,434 crore were signed, with an estimated employment potential of around 2 lakh jobs. With these new commitments, the cumulative investment intentions received by the state since June 2024 has increased to Rs 32.49 lakh crore, Naidu said.

Naidu had earlier announced that nearly 74% of the investment proposals received before the present summit, starting from June 2024 when the party came to power, had already received land and incentive approvals. Of these, 303 projects worth investments of Rs 7.30 lakh crore were ready for the construction stage, he added.