Vishakhapatnam: Andhra Pradesh Government signed 352 MoUs with Indian and Global investors to launch industries in AP at GIS- 2023 at Vishakhapatnam. The AP CM YS Jagan Mohan Reddy’s slogan “Advantage Andhra Pradesh” is a grand success by getting investments with a worth of Rs. 13, 05, 663 lakh crore. The industrial tycoons Ambani, Adani, GMR Chairman Mallikarjun Rao, Naveen Jindal and others appreciated the efforts of AP CM YS Jagan Mohan Reddy and his vision on AP Industrial Development in their address.

They also appreciated the State Government’s pro – policy of industrialists to provide all permission through a single window system. And also they are impressed the call of the AP CM YS Jagan whenever they need on any matter he will be available at a phone call. The State Government expected to mobilize investmentatleast Rs. 2 lakh crores but they achieved Rs. 13 lakh crores above.

The industrial tycoons like Mukesh Ambani, KM Birla, Karan Adani, Naveen Jindal, Kia Motors and others participated in GIS-2023 on March 3^rd and 4^th at Vishakhapatnam and they showed interest to establish industries with a huge investments in AP and in the development of AP. The industrial tycoons in their address in the summit said that the AP is a potential to establish green energy, solar energy and other renewable energy sectors and also in education, Pharma, IT and other 15 sectors.

The AP government has signed a total of 352 MoUs of worth INR 13, 05, 663 lakh crore which 260 MoUs are signed today in more than 13 sectors. Today, the government has signed 260 MoUs worth INR 1.17 lakh crore.

AP GOVERNMENT MoUs

The major investors are Reliance has signed 1 MoUs with an investment of
Rs. 50,000 crores which will generate employment for 10,000 people. HPCL Energy has signed 1 MoU with an investment of INR 14.3 crores which will generate employment for 1500 people. HCL Technologies has signed 2 MoUs with an investment of INR 22 crores which will generate employment for 5,000 people. Flipkart has signed 2 MoUs with an investment of INR 20 crores generating employment for 300 people.

The Energy Department attracted 35 investment proposals with INR 8.25 lakh crore investments generating 1.33 lakh employments, Industries & Commerce which attracted around 41 proposals with an investment of INR 3.20 lakh crore that will generate 1.79 lakh employments. The IT and ITES Department managed to get 6 proposals with an investment of INR 32,944 crores which will generate employment for 64,815 people.

The Tourism Department managed to get 10 proposals with an investment of INR 8,718 crores which will generate employment for 13,400 people of the State. NTPC has signed 3 MoUs with an investment of INR 2, 35, 000 crore which will generate employment for 77,000 people. JSW Group signed 6 MoUs, the largest amongst the lot with an investment of INR 50,632 crore which will generate employment for 9,500 people.

ABC Limited has signed 1 MoU with an investment of INR 1.20 lakh crore generating employment 7000 people of Andhra Pradesh. Aurobindo Group signed 5 MoU’s with an investment of INR 10,365 crores which will generate employment for 5,250 people. Adani Green Energy has signed 2 MoUs with an investment of INR 21,820 crores which will generate employment for 14,000 people. Aditya Birla Group has signed 2 MoUs with an investment of INR 9,300 crores which will generate employment for 2,850 people. Jindal Steel has signed 1 MoU with an investment of INR 7,500 crores which will generate employment for 2,500 people.

The agriculture department saw 15 MoUs worth INR 1160 crore generating employment and the Animal Husbandry department signed 8 MoUs worth INR 1020 crore that will generate 3750 employment opportunities in the State. The highest number, 117 MoUs were signed in the Tourism sector today which were worth INR 22,096 crore that will generate more than 30,000 employments in the State.

The Energy department saw 40 MoUs worth INR 8, 84, 823 crore which will generate nearly 2 lakh employment opportunities for the people of the State. The sectors that have attracted investments include Energy Department, Industries & Commerce Department, IT & ITES Department, Tourism Department, and Agriculture & Animal Husbandry.