N Chandrababu Naidu, Andhra Pradesh
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The Andhra Pradesh government has inked investment deals worth ₹13 lakh crore across sectors during the two-day CII Partnership Summit which concluded here on Saturday, Chief Minister N. Chandrababu Naidu said.
Speaking in the valedictory session of the .summit, Naidu said the State government was aiming to become a $24 trillion economy by 2027 with a per capita income of $4,200.
The stable political leadership and government at the Centre and the State are helping sustainable development and India could become the number one economy in the world by 2047.
Stating that the CII Partnership Summit 2025 was at par with the global Davos Summit in terms of participation and response, Naidu mentioned that there were 3,000 delegates, including 650 from abroad (from 60 countries) and that 700 B2B meetings were held.
TOTAL INVESTMENT
According to Naidu, during the 16 months of NDA rule in the State, the government secured ₹8.87 lakh crore investment. With the MoUs inked for projects worth ₹13 lakh crore in the last two days, the aggregate investments in the State have now crossed the ₹20-lakh crore mark.
MoUs
Earlier today, Naidu laid the foundation stone virtually for three projects of the Raymond Group involving a total investment of ₹1202 crore.
The projects include Silver Spark Apparel at Ratpadu (₹497 cr), auto components and aerospace components manufacturing plants in Anantapur district with investments of ₹441 cr and ₹262 cr , respectively. Speaking on the occasion, the Chief Minister said all three projects will start operations by December 2027.
The State government also exchanged MoUs for various projects across sectors in Sri City, involving a total investment of ₹31,450 crore.
Published on November 15, 2025