State 13 November 2026
AP CM Naidu Announces 303 MoUs Worth Rs 9.89 Lakh Crore at CII Summit
Why in the News?
Andhra Pradesh Chief Minister **N Chandrababu Naidu** announced that the state is signing **303 Memoranda of Understanding (MoUs)** involving investments of **Rs 9.89 lakh crore** during the two-day **CII Partnership Summit** in Visakhapatnam.
Key Features / Major Points:
- Total Investment Commitments:
- With the proposed 303 MoUs, the total investment commitments secured by Andhra Pradesh since June 2024 reach **Rs 32.49 lakh crore**.
- Impressive 74% Conversion Rate:
- Since June 2024, the state signed 714 MoUs worth **Rs 22.6 lakh crore**.
- Out of these, **526 projects representing Rs 17.1 lakh crore** have moved into implementation (approvals & allocations), achieving a high **74% conversion rate**.
- Project Grounding & Timelines:
- Projects worth **Rs 7.3 lakh crore** have already been grounded with work actively underway on the ground.
- Fixed implementation timelines have been established for 303 projects to ensure rapid execution.
- Policy Support for Investors:
- Announced plans to introduce an **Investors Protection Act** and a **Speed of Doing Business framework** to safeguard investments against regime changes.
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Static GK Facts:
- State of Andhra Pradesh:
- Capital: **Amaravati** | Governor: **S. Abdul Nazeer** | Chief Minister: **N. Chandrababu Naidu**.
- Deputy Chief Minister: **Konidala Pawan Kalyan**.
- Confederation of Indian Industry (CII):
- Established: **1895** | Headquarters: **New Delhi**.
- President: **R. Mukundan**.
One-Liner Quiz (All Competitive Exams):
Q: Which state signed 303 MoUs worth Rs 9.89 lakh crore at the CII Partnership Summit?
A: Andhra Pradesh (Chief Minister: N. Chandrababu Naidu)
Q: What is the total investment commitment secured by Andhra Pradesh since June 2024?
A: Rs 32.49 lakh crore
Q: What conversion rate did Andhra Pradesh achieve for MoUs signed since June 2024?
A: 74% (526 projects worth Rs 17.1 lakh crore)
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