Andhra Pradesh Chief Minister Chandrababu Naidu said industrialists have gained confidence in the state government’s leadership and policies. He made the remarks on the second day of the CII Partnership Summit in Visakhapatnam on Friday, November 13.
The state announced 12 investment-related commitments worth approximately Rs 1.41 lakh crore in the Chief Minister’s presence. The proposals covered data centres, manufacturing, renewable energy, infrastructure and emerging technologies.
Chandrababu said capable and stable leadership was essential for attracting investments and achieving long-term development. He noted that reforms must evolve with new technologies to help the state remain competitive.
Referring to the recent local body elections, the Chief Minister said the ruling alliance had received strong public support. He described the results as an endorsement of the government’s efforts and governance.
Chandrababu said the willingness of industrialists to invest in Andhra Pradesh reflected growing confidence in the state. He urged companies to convert investment agreements into operational projects rather than allowing them to remain on paper.
Among the major commitments, the Jindal Group proposed Rs 15,000 crore for mining-related operations at Kandukur in Prakasam district. The project is expected to create around 2,500 employment opportunities.
The agreements also included proposals for an orbital data centre and rocket manufacturing facility in Tirupati district, along with investments in renewable energy and industrial infrastructure.
Chandrababu also spoke about growing economic inequalities and urged businesses to contribute to society. He said development should benefit not just individual families but the wider community.
The Chief Minister stressed that wealth creation and social responsibility must go together. He encouraged industries to support the government’s P4 initiative, which aims to improve opportunities for economically disadvantaged families.
