Andhra Pradesh signs Rs 1.41 lakh crore investment deals in Visakhapatnam
Twelve agreements signed on the second day of the CII summit could potentially generate 10,919 jobs, according to The New Indian Express.
Andhra Pradesh signed 12 agreements involving proposed investments of Rs 1,41,585 crore during the second day of the 31st CII Partnership Summit in Visakhapatnam on Friday, according to The New Indian Express. These deals have the potential to create 10,919 jobs.
AirTrunk India-JCK Infra signed a major agreement with the IT Department to build 1,400 MW telecom centres and data centre campuses. This project involves Rs 1,03,018 crore and could employ 3,120 people.
Other significant commitments include Rs 15,000 crore from Jindal Group for mining in Prakasam district's Kandukur, which may provide 2,500 jobs. GreenGen Renewable Energy and Indian Oil Corporation proposed investments of Rs 8,000 crore and Rs 6,600 crore for the renewable energy sector.
Kakinada Seaport Limited agreed to Rs 6,452 crore for a shipbuilding complex, regasification plant, and mechanised berth. Dixon Technologies proposed Rs 700 crore, with an estimated 2,300 jobs, while Agnikul Cosmos planned Rs 510 crore for a rocket factory and orbital data centre in Tirupati.
Hathor Rocket proposed Rs 250 crore for defence and aerospace. Additionally, Hero MotoCorp will provide Rs 32.48 crore in scholarships for 1,120 IIIT students, and ITC will support 25,000 Bangaru Kutumbams across 100 villages.
Chief Minister N Chandrababu Naidu, who was present during the signings, urged investors to ground their projects and promised government support.