A new chapter in Andhra Pradesh's industrial growth is taking shape. Under the leadership of Managing Director Mr.P.V. Krishna Reddy, MEIL Group has signed four Memorandums of Understanding with the Government of Andhra Pradesh at the 31st CII Partnership Summit 2026, held in Visakhapatnam.
The MoU's were signed in the presence of the Hon'ble Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu. Mr. Sridhar Gadde, CEO – Solar, and Mr. Sreenivasa Reddy Sunkara, CEO – fabrIQ, also participated in the event, along with the next generation of leadership, Mr. P. Pranav Reddy and Mr. P. Manas Reddy, General Manager.
Together, these proposed initiatives represent an investment potential of ₹43,700 crore across various sectors, with the potential to generate more than 1.09 lakh direct and indirect employment opportunities.
The initiatives cover several key sectors. In advanced manufacturing, a Process Equipment Manufacturing Facility is proposed across 250 acres near Machilipatnam Port in Krishna district. The facility aims to strengthen the state's industrial and manufacturing capabilities.
Through fabrIQ, the focus will be on Physical Intelligence, Artificial Intelligence, robotics and autonomous technologies. The initiative aims to develop and deploy advanced technology solutions for smart cities, industries, infrastructure and autonomous operations, with proposed locations including Visakhapatnam, Amaravati and other parts of Andhra Pradesh.
In clean energy and green mobility, the proposals include 3 GW of renewable energy capacity, 1 GW of Round-The-Clock Green Power and a network of 1,500 electric vehicle charging stations. These initiatives are planned across locations including Anantapur, Kurnool, Visakhapatnam, Rajahmundry, Vijayawada, Nellore and Tirupati.
In industrial infrastructure, a Storage Tank Farm is proposed across 150 acres near Machilipatnam Port in Krishna district, aimed at supporting the state's industrial and logistics ecosystem.
Together, these initiatives represent significant investment and employment opportunities, supporting Andhra Pradesh's industrial growth and its vision of building a diverse, technology-driven and future-ready economy.