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Published Mar 04, 2023 | 8:55 PM ⚊ Updated Mar 04, 2023 | 8:55 PM
Deals were struck in as many as 20 sectors through 353 Memoranda of Understanding. (Twitter)
The Andhra Pradesh government will form a monitoring committee, headed by the Chief Secretary, to ensure that investment pledges announced at the Global Investors Summit 2023 translate into real action, Chief Minister YS Jagan Mohan Reddy said on Saturday, 4 March.
After signing agreements worth ₹11.8 lakh crore on the inaugural day on Friday, Andhra Pradesh secured investments worth around ₹1.2 lakh crore on the second and concluding day of the summit today — totaling more than ₹13 lakh crore with the potential to create more than six lakh jobs.
Deals were struck in as many as 20 sectors through 353 Memoranda of Understanding (MoUs).
The monitoring committee will meet every week and closely follow up on the implementation of the agreements, the chief minister said at the valedictory ceremony.
“I sincerely request all of you (investors) to move from the MoU stage to the grounding of your investment at the earliest. We are committed to facilitate a speedy and hassle-free conversion of these MoUs signed into actionable investments,” Reddy said.
Besides the Chief Secretary, the committee will also include officials from the Chief Minister’s Office (CMO) and Special Chief Secretary – Industries, he noted.
Further, the investments monitoring committee will sort out all the day-to-day issues being faced by the investors for facilitating speedy grounding of the investment pledges, Jagan Mohan added.
Andhra Pradesh Industries Minister Gudivada Amarnath, on Friday, expressed confidence that the southern state will realise at least 90 percent of the ₹13 lakh crore investments pledged at the summit.
He made these observations while answering a query on how, generally, investment pledges after summits do not translate to 100 percent across the country, trying to cut a realistic figure.
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