Andhra Pradesh Chief Minister N Chandrababu Naidu urged investors to quickly implement projects signed at the CII Partnership Summit and support the P4 programme through CSR. He also highlighted new commitments for scholarships and village-level development
Published Date – 13 November 2026, 04:54 PM
Visakhapatnam: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday urged companies to quickly turn investment agreements signed at a business summit into operational projects and asked them to support his P4 (public-private-people partnership) programme through CSR spending aimed at the state’s poorest households.
Addressing the second day of the CII Partnership Summit, Naidu said the government would clear approvals and allot land once an agreement was signed, but investors must commit to a date for inaugurating their projects.
“I am never interested in foundation stones or paper MoUs. I will be happy only when projects are inaugurated, so speed is very, very important,” he said, urging companies to set a “speed record”.
As many as 11 MoUs involving proposed investments of over Rs 1.40 lakh crore and an estimated employment potential of 10,472 jobs were signed in Naidu’s presence on the second and concluding day of the 31st CII Partnership Summit here on Friday.
Emphasising the P4 programme, Naidu said the state’s earlier focus on public-private partnerships in telecom, roads and power had created wealth, but the gap between the rich and the poor needed to be bridged.
“Without investment, we cannot create wealth, and without wealth we cannot empower people,” he said, adding that P4 brought “people” into the framework.
Under the model, the top 10 per cent of society, called Margadarshis (guides), are expected to hand-hold the bottom 20 per cent, termed Bangaru Kutumbams (golden families), through education, guidance and timely support rather than one-time financial assistance.
Two commitments were announced at the summit. The Brijmohan Lall Munjal Foundation of the Hero Group will fund scholarships for about 1,120 students from 28 districts who have passed Class 10 and are joining premier engineering institutes, including the Indian Institutes of Technology (IITs). Each student will receive Rs 2.9 lakh, taking the total outlay to Rs 32.48 crore.
Conglomerate ITC Ltd will work with about 100 villages, covering 25,000 families, for comprehensive development. Naidu said ITC’s involvement would help ensure “no more bottom 20 per cent”.
He urged every entrepreneur to adopt at least four to five families anywhere in India through CSR initiatives. He said he would review company-level progress and outcomes every year to create what he described as healthy competition among corporates.
Naidu cited TVS, which has adopted 3,000 families in Kuppam. In one case, a woman worker at a brick unit received Rs 1.5 lakh as a loan or equity support, hired 20 workers and now runs the unit, earning about Rs 25 lakh a year. In another, an electric vehicle auto driver used his profits to buy two cows and later opened a shop, building three sources of income.
Citing an O P Jindal study, he said Andhra Pradesh ranked 13th in per capita income but second, after Goa, in access to equality. He claimed that the state’s welfare delivery was reflected in the 2024 election victory and an additional 3.6 percentage points in vote share in recent local body polls.
Calling it an “inspiring time”, Naidu pointed to the 5,000 acres earmarked at Tirupati for space-related activities and said Skyroot Aerospace had told him it would launch satellites. He added that other entrepreneurs were working on space-based solar power and space data centres.
Recalling his push for IT three decades ago, he said the next wave of growth would be driven by AI, data centres, quantum computing, drones, semiconductors, robotics, aerospace and defence. A global leadership centre is being set up in Amaravati in collaboration with the CII.
He also called on young people to pursue opportunities in fields such as artificial intelligence, quantum computing, semiconductors, drones and robotics.
“Tomorrow belongs not to America or China, but to India,” he said.
