Andhra to bring in Investment Protection Act to ease doing business, says Naidu
303 MoUs worth ₹9.89 lakh crore will be signed at the CII Partnership Summit, the Chief Minister says
Chief Minister N. Chandrababu Naidu addressed the 31st CII Partnership Summit 2026, stating that Andhra Pradesh is targeting to become a major manufacturing and technology hub. The state aims to become a center for rare earth minerals, steel production, solar wafers, solar energy, and battery energy storage. A quantum computer with 120 qubits is set to be inaugurated in Amaravati on February 3, 2027, while the Google Data Centre in Visakhapatnam will open on August 15, 2028.
Over 303 Memorandums of Understanding (MoUs) involving investments worth ₹9.89 lakh crore will be signed during the summit, bringing the total investment proposals to ₹32.49 lakh crore since June 2024. The state is also focusing on renewable energy, aiming to produce 160 GW annually, and the aerospace and defense sector, which will generate ₹50,000 crore.
The state's strategic location offers advantages such as six operational ports, airports, high-speed rail connectivity, and an extensive road network. The government is working towards the Swarna Andhra Vision 2047, with a clear roadmap in place, and is inviting global investors and technology leaders to collaborate in achieving this vision.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
