Andhra Pradesh Secures ₹9.89 Lakh Crore in Investment Proposals, Promises Job Creation

Visakhapatnam, November 13 (Daily Kiran) : Andhra Pradesh Chief Minister N. Chandrababu Naidu recently announced that the state has received investment proposals totaling ₹9.89 lakh crore, with the potential to create approximately 3.48 lakh jobs. This announcement came during a press conference following the conclusion of the 31st CII Partnership Summit held in Visakhapatnam on November 12 and 13.

To encourage investors, the state government plans to provide real-time approvals for industries based on self-certification. Additionally, an Investment Protection Act will be introduced, aimed at safeguarding investor interests, set to take effect in 2024.

During the summit, a total of 303 memorandums of understanding (MOUs) were signed, representing a significant boost in investment. Naidu highlighted that between October 7 and 26, regional conferences yielded 194 MOUs, generating proposals worth ₹86,522 crore and the expectation of 1,47,951 jobs. In the recent summit, 109 MOUs were signed, amounting to ₹9,02,434 crore in investments, which could lead to the creation of 2,00,358 jobs.

The Chief Minister emphasized that Visakhapatnam is rapidly establishing itself as a key player on both national and international stages. The city recently ranked first in the Swachh Survekshan 2025-26 for cities with populations over one million and has received six national cleanliness awards.

Naidu also noted that Visakhapatnam achieved first place in women’s safety in the NARI 2025 rankings and has been recognized as a top city in LinkedIn’s Cities on the Rise for the second consecutive year. Vijayawada also maintained its position among the top 10 cities.

Looking ahead, Naidu envisions Visakhapatnam evolving into a hub for IT, knowledge, and rare earth minerals. He praised young entrepreneurs for introducing innovative technologies, including plans to establish data centers in space.

The Chief Minister stressed the importance of ensuring economic prosperity reaches all segments of society, particularly marginalized groups. He mentioned that several corporate firms are participating in the P-4 program to uplift poor families, which is a positive development.

In a significant health initiative, Naidu announced that from January 1, residents will have online access to their health records, enhancing the reach and effectiveness of healthcare services. The government is also promoting products from women’s self-help groups under the ‘Swayam’ brand, reaffirming its commitment to women’s empowerment, as evidenced by the election of 60 percent of women in recent local body elections.

Naidu concluded by affirming that good governance is essential for gaining public trust, citing the higher vote percentage for coalition parties in local elections as evidence of confidence in the government’s policies.