AP to Sign 410 MoUs Worth ₹9.8 Lakh Cr Investments

Andhra Pradesh state finances are finally getting back on track thanks to the proactive measures that are being taken by the NDA government. Now the top leadership of the government is looking to take this to a whole new league by inviting multiple new investors to the state.

In this context, Andhra Pradesh, IT minister, Lokesh interacted with national Media and briefed that as many as 410 MoUs are going to be signed by the government in the near future.

Lokesh revealed that the Andhra Pradesh government is scheduled to sign 410 agreements with leading companies and business heads. The interesting observation here is that all these projects will come to implementation within 12 months as the government is looking at the due diligence to make it all happen.

Lokesh further revealed that as much as ₹9.8 lakh crore revenue is going to be generated for Andhra Pradesh state through these investments, which are likely to hit the ground within the next 12 months.

The timeframe that has been established for the completion of this project within the next 3 to 5 years. In that case, Andhra Pradesh could become one of the leading states in India when it comes to proactive investments.

When asked about the fact that YSR Congress is looking to take credit for many of these investments saying they had signed the agreements before 2024 Lokesh had a dismissive reaction.