VISAKHAPATNAM: The Global Investors' Summit 2023 witnessed the signing of 92 memoranda of understanding (MoUs) worth Rs. 11.87 lakh crore on day one of the Summit on Friday. These MoUs are expected to generate 3.92 lakh jobs in Andhra Pradesh.
The energy department alone attracted 35 investment proposals worth Rs 8.25 lakh crore, which may create 1.33 lakh jobs. As many as 41 MoUs were made in the industries and commerce sector with an investment portfolio of Rs 3.2 lakh crore. The IT and ITeS department managed to get six proposals with an investment of Rs 32,944 crore. The tourism department entered into 10 MoUs for Rs 8,718 crore investments.
Amongst the major investors are, the National Thermal Power Corporation (NTPC) signed three MoUs with an investment proposal of Rs 2,35,000 crore. JSW Group made six MoUs, the largest amongst the lot with an investment of Rs 50,632 crore, whereas ABC Limited signed one MoU for Rs 1.2 lakh crore investment, which may generate employment to 7000 people.
Explore the yearly horoscope 2025 for Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn, Aquarius, and Pisces zodiac signs. Spread love this holiday season with these New Year wishes, messages and quotes.J Umamaheswara Rao is a special correspondent, at the Times of In...
Read MoreJ Umamaheswara Rao is a special correspondent, at the Times of India-Visakhapatnam. He covers developments related to the GVMC/VMRDA, education, health, science, IT, tech and startups, research studies, and data-related stories. He holds two postgraduate degrees, one in journalism and mass communication and another one in business administration, apart from completing several short-term courses and fellowships.
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