Global Investment Summit 2023: Andhra Pradesh signs 92 Memoranda of Understanding valued at Rs 11.9 lakh crore

VISAKHAPATNAM: Advantage Andhra Pradesh Global Investment Summit 2023 witness the signing 92 Memoranda of Understanding (MoUs) valued at Rs. 11.87 lakhcrore on the first day of the summit on Friday. These MOUs are expected to create 3.92 lakh jobs Andhra Pradesh.

The Energy Department alone has attracted 35 investment proposals worth Rs 8.25 lakh crore which could create 1.33 lakh jobs. No less than 41 MOUs have been made in the industrial and commercial sector with an investment portfolio of Rs 3.2 lakh crore. The IT and ITeS department managed to get six proposals with an investment of Rs 32,944 crore. Tourism Department signed 10 letters of intent for investment totaling Rs 8,718 crore.

Among the largest investors are the National Thermal Power Corporation (NTPC) signed three letters of intent with an investment proposal of Rs 2,35,000 crore. JSW Group has issued six letters of intent, the largest among the lots with an investment of Rs 50,632 crore while ABC Limited signed a memorandum of understanding for a Rs 1.2 crore investment which could create jobs for 7000 people.

Related Articles

Back to top button