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

AMARAVATI 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.