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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