AP investors summit sees Rs 1.17-trn MoUs on Day 2; RIL inks Rs 50k-cr pact

Amongst the major investors, Reliance has signed one MoU with an investment of Rs 50,000 crore which will generate employment for 10,000 people

The second day two of the Global Investment Summit (GIS) in Andhra Pradesh witnessed both Indian and foreign companies signing 260 memorandums of understanding (MoU) on Saturday with an investment commitment of around Rs 1.17 trillion in more than 13 sectors.

With this, the AP government has signed a total of 352 MoUs worth Rs 13.05 trillion that may create over 600,000 jobs. The energy department saw 40 MoUs worth Rs 8.84 trillion in two days which will generate nearly 200,000 employment opportunities in the state. The highest number, 117 MoUs were signed in the tourism sector on Saturday which