Andhra Pradesh Chief Minister N. Chandrababu Naidu signs MoUs with Taiwanese firms Allegiance Group and eJoule India JV for manufacturing projects during the CII Partnership Summit 2025, in Visakhapatnam on Thursday.
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ANI
Ahead of the two-day CII Partnership Summit 2025, the Andhra Pradesh government has sealed investments worth ₹3.65 lakh crore across various sectors through 35 memoranda of understanding (MoUs). These agreements are expected to create 1.26 lakh jobs. The energy sector gets the lion’s share of ₹2.65 lakh crore, which includes several green energy projects.
The State government is targeting to attract ₹10 lakh crore worth of investments during the two-day summit, beginning tomorrow at the sprawling Engineering College Grounds at Andhra University.
Major investments
The key investments include an investment of ₹60,000 crore by ReNew, ₹31,500 crore by the US-based conglomerate Carbonatic LLC, ₹30,000 crore by Hero Future Energies and ₹18,400 crore from two Taiwanese companies, Allegiance Group and Creative Sensor Inc.
Andhra Pradesh Chief Minister N. Chandrababu Naidu and IT and Industries Minister Nara Lokesh held a series of meetings with industry houses from India and abroad to finalise the deals.
NITI Aayog Chief Executive Officer B V R Subrahmanyam released the Visakha Economic Region Development Document at a conference.
Addressing the conference, Naidu stated that the State had attracted investments worth ₹20 lakh crore over the last 17 months.
The most significant investment was from decarbonisation solutions provider ReNew Energy Global Plc, which took the aggregate investment commitment to the State to ₹82,000 crore. Sumant Sinha, Founder-Chairman and& CEO, ReNew, said the company would establish an integrated clean energy value chain in the State. As part of the investments, they would set up a 6-GW PV ingot-wafer plant and a 2-GW pumped hydro project, among others.
Coromandel International, an agri input solutions provider from the Murugappa group, will set up a fertilizer manufacturing factory in Visakhapatnam with an investment of ₹2,000 crore.
Arun Alagappan, Executive Chairman, and Sankarasubramanian S, Managing Director & CEO of Coromandel International, met with the Chief Minister to discuss the project.
Future Energies will set up power plants in Anantapur, Kadapa, and Kurnool districts with an investment of ₹15,000 crore.
Published on November 13, 2025
