Andhra Pradesh attracts ₹9.89 lakh crore in investments after CII summit, says MP

Vizianagaram MP Kalisetti Appalanaidu

Andhra Pradesh has attracted investments totalling ₹9.89 lakh crore following the two-day 31st CII Partnership Summit in Visakhapatnam, according to Vizianagaram MP Kalisetti Appalanaidu. He said the State’s investment drive was being linked to poverty alleviation through Chief Minister N. Chandrababu Naidu’s Public-Private-People Partnership (P4) model.

Addressing a media briefing at the TDP Central Office on Saturday, Mr. Appalanaidu said the summit had secured 194 agreements involving investments of ₹86,522 crore. He attributed the State’s revival to the leadership of Mr. Naidu and the efforts of IT and Education Minister Nara Lokesh. The investment push followed 11 roadshows conducted in five countries, he said.

He said the summit had also focused on directing corporate social responsibility (CSR) funds towards poverty alleviation. Under the P4 initiative, Hero MotoCorp had partnered with the Swarnandhra Foundation to support 1,220 students of IIITs across 28 districts. ITC Limited had adopted 100 villages, with the aim of improving living standards and providing employment opportunities to 25,000 Golden Families.

Criticising the previous YSRCP government, Mr. Appalanaidu alleged that its policies had driven industries away from Andhra Pradesh. He also accused former Chief Minister Y.S. Jagan Mohan Reddy of attempting to create unrest ahead of Prime Minister Narendra Modi’s inauguration of the Bhogapuram International Airport.

Praising the NDA coalition, the MP said the alliance partners were working in close coordination under the leadership of Prime Minister Narendra Modi, Mr. Naidu and Deputy Chief Minister Pawan Kalyan. He said the government had restored investor confidence through faster clearances and a peaceful political environment.