Andhra Pradesh attracts ₹23L/cr investment, set to create 23L jobs
Andhra Pradesh has pulled in a massive ₹23 lakh crore in investment interest over the past two years, which is set to create about 23 lakh new jobs.
Around 800 companies have evinced interest to invest, making up more than a quarter of all foreign direct investment, or FDI, coming into India during this time (pretty impressive for one state).
State government credits reforms, ₹21L/cr MoUs
The state government says its "Speed of Doing Business" reforms made it easier and faster for companies to set up shop.
Over ₹21 lakh crore worth of deals were signed through MoUs, with most projects already moving ahead.
Notably, high-profile ventures like a proposed Google AI data center and the Advanced Medium Combat Aircraft program (which kicked off operations in just 36 days) are putting Andhra back on the investment map.
The current administration isn't shy about saying these results show Andhra's comeback as an investment hotspot.