As much as 410 memorandum of understandings (MoUs), involving new investments worth $120 billion in Andhra Pradesh, are likely to be signed in the upcoming CII-Partnership Summit to be held on November 14-15 at Vishakhapatnam, the state’s IT Minister Nara Lokesh said on Wednesday.

“These will be additional $120 billion worth announcements, over the $120 billion already made in the last 17 months," Lokesh told reporters ahead of the Summit. He added that he aims to attract $1 trillion-worth investments in the state in coming years.

Once these investments (of $120 billion) are executed on ground, it will create 7.5 lakh jobs in the state, said the Minister.

"When we came in power last year, we made a promise that our government (of TDP) will create 2 million jobs in five years…we’ve alrea

See Full Page