Mumbai, Oct. 29 -- Tirupati, Chittoor, Annamayya, Kadapa and Nellore districts are set to attract proposed industrial investments of Rs. 117.32 bn through 67 memoranda of understanding exchanged at the concluding regional investment conference in Sri City. The proposals could generate 20,879 jobs across the five districts.
The conference at KREA University marked the conclusion of Andhra Pradesh's series of five regional investment conferences, held in Visakhapatnam, Kakinada, Amaravati, Anantapur and Tirupati. Across the meetings, 195 MoUs involving Rs. 855.61 bn were exchanged, with the potential to create 156,241 jobs. Another 68 projects worth Rs. 57.14 bn were grounded or inaugurated, with the potential to generate 13,488 jobs.
Of the 67 agreements exchanged at Tirupati, 50 projects are planned across the five districts. These proposals involve Rs. 73.81 bn and could generate 16,612 jobs. Sri City alone is expected to host 18 projects, while the remaining 17 agreements cover projects in other districts or multiple locations.
Electronics and semiconductors, auto components, electric mobility, footwear, tourism and food processing were among the sectors that attracted proposals. Six electronics and semiconductor MoUs involve Rs. 21.05 bn and 4,540 potential jobs, while five agreements in auto components and electric mobility account for Rs. 16 bn and 2,250 jobs. Hilltop SEZ Development India proposed a footwear manufacturing project in Tirupati district involving Rs. 7 bn and 3,000 jobs.
Tourism and hospitality attracted 22 MoUs worth Rs. 15.38 bn, with 2,812 jobs envisaged. Nine food processing proposals involve Rs. 10.96 bn and could generate 2,130 jobs. Officials said the conferences were intended to distribute industrial investment across the State by using local resources and business opportunities, while promoting regional investment, youth employment and industrial growth.
Twenty-one micro, small and medium enterprises, or MSMEs, participated in the Sri City conference. The proposed One Family, One Entrepreneur initiative was presented as a means of encouraging self-employment and improving household incomes. The MSME Banking Grievance Redressal Mechanism was also launched. Industry representatives highlighted opportunities in advanced manufacturing and knowledge-based industries, and called for stronger supply chains, skills and infrastructure. The 31st CII Partnership Summit is scheduled in Visakhapatnam on November 12 and 13, 2026.
Published by HT Digital Content Services with permission from Construction World.