AP CII Summit In Numbers: 9L Crore Investment, 2L Jobs

The government of Andhra Pradesh had been fully committed towards the enhancement of the investment index in the state, and that is reflecting in the clear policy making.

Now that is increasingly evident in the case of the CII submit that had happened in Vizag, as it has pulled up some tremendous numbers. 

At the two-day summit, 109 MoUs were signed for proposed investments of ₹9,02,434 crore, with the potential to create 2,00,358 jobs. 

Including the regional conferences, the Partnership Summit initiative secured 303 MoUs, representing nearly ₹9.89 lakh crore in proposed investments and the potential to create 3,48,309 jobs.

For those wondering about the actual grounding aspect and deliverables, here is a look at the recent history of the investment index in Andhra Pradesh.

Over the last two-and-a-half years, Andhra Pradesh has secured 714 investment MoUs worth ₹22.6 lakh crore, with 526 projects worth ₹17.1 lakh crore moving towards implementation. The state achieved a 74% conversion rate which is a pretty sensational statistic. 

This reflects the commitment of the government to turning investment commitments into projects on the ground which is the most important thing here.