GIS 2023 : AP govt signs 260 MoUs worth Rs 1.17 lakh Cr in Visakhapatnam

Visakhapatnam, Mar 5 (FN Agency) The Global Investors Summit (GIS) saw many companies from India and abroad signing Memorandum of Understandings (MoUs) with the Andhra Pradesh government on the final day on Saturday. The AP government has signed a total of 352 MoUs worth Rs 13,05,663 lakh crore, of which 260 MoUs are signed today in more than 13 sectors worth Rs 1.17 lakh crore. The agriculture department saw 15 MoUs worth Rs 1,160 crore for generating employment and Animal Husbandry department signed 8 MoUs worth Rs 1,020 crore that will generate 3,750 employment in the state. The highest number, 117 MoUs were signed in the Tourism sector today which were worth Rs 22,096 crore that will generate more than 30,000 employment in the state. The Energy department saw 40 MoUs worth Rs 8,84,823 crore that will generate nearly 2 lakh employment opportunities to the people of state. The sectors that have attracted investments include Energy Department, Industries & Commerce Department, IT & ITES Department, Tourism Department and Agriculture & Animal Husbandry. Amongst the major investors are, Reliance has signed 1 MoU with an investment of Rs 50,000 crore which will generate employment for 10,000 people.

HPCL Energy has signed 1 MoU with an investment of Rs 14.3 crore which will generate employment for 1500 people. HCL Technologies has signed 2 MoUs with an investment of Rs 22 crore which will generate employment for 5,000 people. Flipkart has signed 2 MoUs with an investment of Rs 20 crore generating employment for 300 people. Earlier on Day 1, AP government signed 92 MoUs worth Rs 11,87,756 lakh crore. The Energy Department attracted 35 investment proposals with Rs 8.25 lakh crore investment generating 1.33 lakh employment. Followed by Industries & Commerce that attracted around 41 proposals with an investment of Rs 3.20 lakh crore that will generate 1.79 lakh employment. The IT and ITES Department managed to get 6 proposals with investment of Rs 32,944 crore which will generate employment for 64,815 people. The Tourism Department managed to get 10 proposals with investment of Rs 8,718 crore which will generate employment for 13,400 people of the state. Amongst the major investors are, the National Thermal Power Corporation (NTPC) has signed 3 MoUs with an investment of Rs 2,35,000 crore which will generate employment for 77,000 people.

JSW Group signed 6 MoUs, the largest amongst the lot with an investment of Rs 50,632 crore which will generate employment for 9,500 people. ABC Limited has signed 1 MoU with an investment of INR 1.20 lakh crore generating employment for 7000 people of Andhra Pradesh. Aurobindo Group signed 5 MoU’s with an investment of INR 10,365 crores which will generate employment for 5,250 people. Adani Green Energy has signed 2 MoUs with an investment of Rs 21,820 crore which will generate employment for 14,000 people. Aditya Birla Group has signed 2 MoUs with an investment of INR 9,300 crore which will generate employment for 2,850 people. Jindal Steel has signed 1 MoU with an investment of Rs 7,500 crore which will generate employment for 2,500 people.