Industry summit drew over ₹13 lakh crore investment pledges: Andhra CM

Investment pledges worth over ₹13 lakh crore had been made during the 30th Confederation of Indian Industry (CII) Partnership Summit here, which were expected to create over 16 lakh jobs, Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Saturday (November 15, 2025).

Addressing a press conference to summarise the results of the two-day summit, the Chief Minister noted that industrialists had made it a big success by entering into 613 agreements.

“We have signed nearly 640 MoUs [Memoranda of Understanding] that commit ₹13.2 lakh crore investment. Potential employment generation is around 16.3 lakh jobs,” Mr. Naidu.

Stating that 12 sectors had attracted these investment pledges, Mr. Naidu said the energy sector led the way by attracting investment pledges of over ₹5.3 lakh crore, followed by the industries sector (₹2.8 lakh crore), and infrastructure (₹2 lakh crore), among others.

Mr. Naidu said the government would strive to realise the pledges “100%”.

Andhra Pradesh is shifting gears from ease of doing business to speed of doing business, and instilled confidence in investors, Mr. Naidu said, adding that the Singapore government had shared its best practices.

Besides inking deals, Mr. Naidu said the summit also gave importance to brainstorming and deliberations to share knowledge.

Alleging that the erstwhile YSRCP government had forced companies to go defunct, Mr. Naidu said that his government was offering them escrow account facilities with ‘sovereign guarantee’ to create confidence.

The CM set the target of attracting $500 billion worth investments in five years, and $1 trillion worth investments in 10 years.

Andhra Pradesh had opened up all the sectors for investment, keeping in mind that some jobs may be lost in the IT sector, he said.

The State was focusing on high-end technology, deep technology, quantum computing, Artificial Intelligence, and others, going forward, Mr. Naidu said.

The government would touch base with past investment pledges as well, irrespective of whether they were forged under the National Democratic Alliance (NDA) government or another government, IT Minister Nara Lokesh said.

Investments were a continuous process, the CM said, adding that the government was fixing the date of inauguration after entering into an MoU.

Meticulous planning and follow-up was being done by the government, and investors were arriving in Andhra Pradesh as there was less interference, he said.

The Visakhapatnam Steel Plant would not be privatised, Mr. Naidu said, recalling that ₹12,000 crore funds were infused into the organisation. Stating that he had foregone the plant’s water bills and other charges, Mr. Naidu said ₹2,000 crore worth power bills had been converted into equity, and promised to take quarterly reviews on the steel plant’s performance.