Global Investors Summit: CM Jagan says Andhra Pradesh received proposals worth Rs 13 lakh crore

Sakshi Education

Andhra Pradesh chief minister Jagan Mohan Reddy has announced the receipt of 340 proposals for industrial investments to the tune of Rs 13 lakh crore in the state, during the Andhra Pradesh Global Investor Summit 2023 being held in Visakhapatnam.
“As of today, 92 Memorandum of Understanding (MoUs) with 11 lakh crores will be executed , remaining will be executed tomorrow."
The National Thermal Power Corporation (NTPC) and the JSW Group signed the biggest deals with the AP government which harvested investments worth Rs 11.87 lakh crore during the Global Investors Summit here on Friday. On the government side, the energy department was the biggest gainer.
NTPC signed three MoUs with an investment of Rs 2.35 lakh crore which would generate employment for 77,000 people. The JSW Group singed six MoUs, the largest with an investment of Rs 50,632 crore that could create employment for 9,500 people.
ABC limited signed a MoU with investment of Rs 1.2 lakh crore with employment potential for 7,000 people. Aurobindo Group signed five MoUs with an investment of Rs 10,365 crore and the ability to create employment for 5,250 people.
The Adani Green Energy’s two MoUs were worth Rs 21,820 crore and carried with it a job potential for 14,000 people. Aditya Birla Group signed two MoUs worth Rs 9,300 crore and 2,850 jobs. Jindal Steel signed a MoU with an investment of Rs 7,500 crore to generate employment for 2,500 people.
The energy department attracted 35 investment proposals worth Rs 8.25 lakh crore with employment potential of 1.33 lakh people; industries and commerce 41 proposals worth Rs 3.2 lakh crore to generate employment for 1.79 lakh people.
The IT and ITES department got six proposals worth Rs 32,944 crore which employment generation for 64,815 people and tourism department got 10 proposals worth Rs 8,719 crore with employment for 13,400 people.
The summit had 200 stalls with 30 showcasing the advantages of investing in AP and 13 dealing with crucial sectors. More than 8,000 dignitaries and investors from all over India and from 40 other countries including China and the US are participating in the GIS.