India Inc commits Rs 11.87 trn to Andhra on Day-1 of investor summit

NTPC, Adani, RIL among major participants; state set to sign another set of MoUs worth Rs 13 trn on Saturday

The renewable energy sector received the maximum attention on Day-one of the Andhra Pradesh Global Investors Summit (GIS) on Friday. As many as 92 memorandums of understanding (MoUs) were signed for investments worth about Rs 11.87 trillion and an employment generating potential of 392,000 jobs.  

State-run power major NTPC signed three MoUs for investments amounting to Rs 2.35 trillion, while industry majors Adani Group, Reliance Industries, ABC Ltd, Renew Power and JSW Group announced big-ticket investments in the state. On Saturday, another Rs 1.15 trillion worth of MoUs are set to be signed, taking the total to Rs 13 trillion.