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AP signs 32 MoUs with various companies at partnership summit

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Visakhapatnam: The Andhra Pradesh government today said it has signed 32 MoUs with various companies involving an investment of Rs 1.95 lakh crore on the inaugural day of the three-day long partnership summit here.

“We have signed 32 Memorandum of Understanding (MoU) which would attract investments to the tune of Rs 1.95 lakh crore in the state. Out of 32, 22 MoUs are in energy sector,” Andhra Pradesh Chief Minister N Chandrababu Naidu told reporters.

He further said the total investment would create job opportunities for nearly 95,000 people.

One of the examples which Naidu gave was of Anil Ambani led Reliance announcing setting up of a new ship building facility with an initial investment of Rs 5,000 crore in the state.

Replying to a query, the Chief Minister said as many as 49 MoUs in the IT sector will be signed tomorrow.

–PTI

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