Andhra Signs Rs 31,546 Cr MoUs With Adani, Mytrah, Lulu, Others


Andhra Signs Rs 31,546 Cr MoUs With Adani, Mytrah, Lulu, Others

Andhra Pradesh government has on the first day of CII Partnership Summit at Visakhapatnam on Saturday signed 77 memoranda of understandings with several large infrastructure, power and automobile firms for investments worth Rs 31,546 crore to provide jobs to nearly one lakh persons.

These include 15 MoUs in automotive, 56 in tourism, 4 in industries and two in infrastructure. While automotive sector agreements were for Rs 15,224 crore, tourism attracted Rs 7,807 crore, industries Rs 3,015 crore and infrastructure Rs 5,500 crore.

Some of the large investors who exchanged agreements at the inaugural day of the Summit include Adani group, Mytrah, Grasim, Essel group, Mahindra Holidays, Lulu and JBM group, among others.

Adani group chairman Gautam Adani has announced setting up a Greenfield seaport and multimodel logistics park at Bhavanapadu in Srikakulam district, 1,000 megawatt of renewable energy units and a battery storage facility, involving Rs 9,000 crore of investments. Read More

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