Andhra converts 526 investment proposals worth Rs 17.1 lakh crore into projects

Andhra Pradesh has successfully converted 526 out of 714 investment proposals into viable projects involving substantial financial investments. With a total investment nearing Rs 17.1 lakh crore, the state has grounded 303 projects worth Rs 7.3 lakh crore. Various sectors like IT, food processing, and renewable energy have significant proposals contributing to the investment total. The Andhra Pradesh Industrial Infrastructure Corporation is actively developing infrastructure to support these industrial activities.

Amaravati: Andhra Pradesh has converted 526 of its 714 investment proposals into projects involving Rs 17.1 lakh crore.

Of these, 303 projects worth Rs 7.3 lakh crore have been grounded, according to the state government's November 2026 project status report.

The state government's November 2026 project status report, released on Sunday, lists 714 investment proposals with a total investment intent of Rs 22.6 lakh crore and potential employment for 19.2 lakh people.

"Of the 714 investment proposals received, 526 have been converted into projects involving Rs 17.1 lakh crore, while 303 projects worth Rs 7.3 lakh crore have reached the ground stage," the report said.

The remaining 188 proposals, involving investments of Rs 5.5 lakh crore and potential employment for 6.3 lakh people, are yet to be converted into projects, it said.

The Industries Department accounts for 219 proposals involving investment intent of Rs 6.1 lakh crore and potential employment for 6.9 lakh people.

Of these, 165 have been converted into projects involving Rs 5.4 lakh crore, and 95 have been grounded with investments of Rs 2.8 lakh crore, the report said.

The IT and Electronics sector has 119 proposals worth Rs 6.4 lakh crore, of which 88 have been converted, involving Rs 4.6 lakh crore, and 35 grounded, involving Rs 1.2 lakh crore.

The New and Renewable Energy Development Corporation accounts for 140 proposals involving Rs 8.5 lakh crore, of which 111 have been converted and 52 grounded.

The grounded projects involve investments of Rs 2.7 lakh crore and potential employment for 3.1 lakh people, according to the department-wise summary.

Food processing accounts for 49 proposals worth Rs 19,000 crore, of which 41 have been converted and 31 grounded. Tourism has 126 proposals involving Rs 24,000 crore.

The project list includes proposals in steel, solar manufacturing, data centres, electronics, pharmaceuticals, food processing, hospitals, textiles, aviation and tourism across several districts.

Anakapalli district has several industrial proposals, including the ArcelorMittal Nippon Steel India project and a proposed Rs 85,200-crore data centre. Visakhapatnam has proposals in information technology, data centres and other services, with major IT investments by several companies, the report said.

Separately, the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has taken possession of 24,673 acres for industrial purposes since June 2024, according to its land availability report.

Its industrial land bank stands at over 1.1 lakh acres across the state, of which 45,664 acres are available for allotment, and 65,228 acres are under development.

Since June 2024, the corporation has requisitioned 88,955 acres, including 31,315 acres of government land. Of the government land, 14,796 acres, or 47 per cent, has been handed over to APIIC, the report said.

Prakasam district recorded the largest area taken into possession at 5,790 acres, followed by Anakapalli with 3,152 acres and Kurnool with 2,517 acres. The five leading districts together accounted for 15,320 acres, or 62 per cent of the total.

APIIC has allotted 33,474 acres to industries since 2014, including 6,392 acres in 2025 and 5,845 acres in 2026, the report said.

On infrastructure, APIIC reported laying 289.2 km of roads and 370.7 km of water-supply pipelines during 2024-26, with expenditure of Rs 2,747.3 crore. It is developing 175 micro, small and medium enterprise (MSME) parks and has approved 11 private industrial parks covering 4,596 acres since June 2024.