AP inks 4 Lakh worth MoUs in CII summit

naiduAndhra Pradesh ( AP ) has signed MoUs with various companies involving investment of about Rs.4 lakh crore during the first two days of SunriseAP- CII Partnership Summit in Visakhapatnam.

Government of Andhra Pradesh has inked 32 MoUs with total investments worth Rs 1.95 lakh-crore on day one.
On day two, AP signs MoUs for Rs 1,90,314 cr investments, taking total to Rs 3,85,511 cr.

IT Sector – 63 IT with estimated investment of Rs.3,368 crore.

Energy and infrastructure sector – 15 MoUs were signed for an investment of Rs.66,600 crore

Amara Raja Group to invest Rs.5,000 Cr
Investment in Visakhapatnam Steel Plant – 38,500 Cr
Food Processing 5,992 Cr
Retail 1500 Cr
Andhra Bank signed MoU for 5000 Cr
World trade centre in Amravati @ Rs.800 crore.
Reliance in naval shipbuilding facility -5000 Cr

By the end of the summit the total committed investment may exceed Rs.5 lakh crore.