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January 28, 2017

665 MoUs worth Rs.10.54 trillion and with the potential to provide employment to 23.34 lakh people were signed, says Hon'ble Chief Minister N Chandrababu Naidu.

665 MoUs worth Rs.10.54 trillion and with the potential to provide employment to 23.34 lakh people were signed, says Hon'ble Chief Minister N Chandrababu Naidu.

Hon'ble Chief Minister N Chandrababu Naidu announced that the two day AP-CII Partnership Summit at Visakhapatnam, saw the signing of 665 Memoranda of Understanding (MoUs) worth Rs.10.54 trillion, and with the potential to provide employment to 23.34 lakh people.

The summit has exceeded expectations of the earlier estimated Rs.7 trillion of investments, which Hon'ble Chief Minister described as having done "Huge Business".

Some of the big ticket investments included 66 MoUs by Andhra Pradesh Economic Development Board(APEDB) worth Rs.3,62,662 crore., 62 MoUs by Andhra Pradesh Capital Region &Development Authority(APCRDA) at Rs.1,24,532 crore and 14 MoUs by Andhra Pradesh Township and Infrastructure Development Corporation(APTIDCO) amounting to Rs.40,660 crore,

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