About 285 MoUs worth Rs1,74,568 crore, with a potential of generating 2,86,371 new jobs were signed between the government of Andhra Pradesh and various companies by the second day of the three-day Partnership summit in Visakhapatnam .
The MoU signed in various sectors include- Natural Gas, communications, aerospace & defence, textiles, energy, food processing, health, IT electronics and other sectors. This takes the total number of MoUs signed by Andhra Pradesh in the two days of the Summit to 364 with potential investments of Rs2,18,814 crore and creating employment for 3,84,662 people.
Announcing the Reliance deal, Chief Minister N.Chandrababu Naidu said the MoUs were for building a digital infrastructure and for developing oil and gas in the resource-rich South Indian state "There are two MoUs, one is for hardware revolution and how to create entrepreneurs in AP. The other is for oil and gas. Reliance will be investing around Rs50,000 crore. They are going to create 25,000 jobs," the chief minister said. "They are very strong in technology and we are very strong in governance, let's see how it goes."
Energy sector was the star player on Sunday as it produced 34 MoUs with potential investments worth Rs1,11,921 crore and employment of 133,031.
Ten MoUs in the Aerospace and Defence sector propose to bring in investments of Rs9,406 crore and create 6,000 new jobs. Textiles sector saw 25 MoUs worth Rs5,337 crore with a potential to employ 33,092. Food Processing saw the maximum number of MoUs at 169. The value of these, however, is about Rs 3,534 crore with jobs potential of 48398. Health sector saw 25 MoUs being signed worth Rs5,090 crore in investments and 4,750 new jobs. IT and electronics bagged 22 MoUs with potential investment and employment of 39,281 crore and 61,100, respectively.
Earlier in the day, chief minister, Naidu said, "By March we plan to become paperless offices My government is online now."