Visakhapatnam: The Andhra Pradesh government signed several big deals on Monday, attracting investments to the tune of Rs 1.7 lakh on the second of the CII Partnership Summit which currently underway in the coastal city.
With the State netting Rs 1.95 lakh crore on the first day on Sunday, the total investments have zoomed to Rs 3.65 lakh crore and AP officials are now expecting the number to cross coveted Rs 4 lakh crore mark by the third and final day on Tuesday.A number of domestic and global companies, including RINL, Queensland Coal Corporation, Sri City, Future Group and others have signed memoranda of understanding (MoU).
"We initially expected to sign around 100 MoUs and generate around Rs 2 lakh crore investments. The response has exceeded our expectations and we are going to get around Rs 4 lakh crore investments by the end," AP communications advisor Parakala Prabhakar told media here.
Rastriya Ispat Nigam Limited (RINL) emerged as the biggest investor on Monday with the steel maker lining up Rs 38,500 crore followed by Queensland Coal Corporation which has come forward to pour in around Rs 30,000 crore.
The Australian coal mining has agreed to set up thermal power plant of 5,280 MW. This imported coal-based plant is likely to come up near Machilipatnam in Krishna district.
