Andhra Pradesh bags Rs 13 Lakh Cr investment proposal during Global Investor Summit
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received 340 investment proposals with investment of about Rs. 13 lakh crores, providing employment to almost 6 lakh people across 20 sectors distributed all along the state. “As of today, we will execute 92 MoUs with 11 lakh crores, remaining will be executed tomorrow,” the CM said while talking at the the Global Investor Summit at Vishakhapatnam.
In his address to the industry leaders, he also said, “Through this summit, we would like to communicate to the domestic and international community that you are important to us. We are sharing the opportunities that the state has to offer the emphasis is on healthy competition and exploring long-term Partnerships.”
He also emphasised that the APGIS is taking place in 2023 that is an important year for India. “Our country is playing a key role as the leader of G-20. This throws up great opportunities for India in terms of attracting global investment and technology,” he adds.
The CM also pointed out the potential of the state in renewable energy sector. “Andhra Pradesh is blessed with a large renewable energy potential of 82.5 GW. It is one of the very few states in India that has combined potential for solar, wind and pumped storage. We have also identified and set aside dedicated land parcels for wind, solar and pumped storage projects,” he stated.
