Vishakhapatnam:  Andhra Pradesh is all geared up to attract more than two lakh crore rupees investments during the 3-day CII Partnership Summit 2016 that gets underway in Visakhapatnam today.

The 22nd edition of the Partnership Summit is being organised by the Confederation of Indian Industry (CII) in collaboration with the Andhra Pradesh government and will be inaugurated by Andhra Pradesh Chief Minister N Chandrababu Naidu.

The State is holding the Partnership Summit for the first time which has evoked overwhelming response. The theme of this year’s summit is ‘Partnerships for a shared and sustainable world economy.’

Secretary, Andhra Pradesh Industries Department, S S Rawat said yesterday that nearly 30 per cent of the over 100 memoranda of understanding (MoUs) confirmed so far for signing at the event come from overseas while domestic companies and Indian-based multinationals are expected to make up for the rest.

Mr. Rawat said factors such as the single desk window system, creation of a good ecosystem and ease of doing business is the focus of the AP government in order to ensure that MoUs are translated into actual investments in the state.

Suresh Rayudu Chitturi, president, AP chapter of CII, that he is confident that the total investments will be three to four times than what is expected earlier which is somewhere between Rs 30,000 to Rs 40,000 crore. He said over 200 MoUs will be signed during the event as more investors are showing interest.

Andhra Pradesh is expecting investments to the tune of around a massive Rs 1.5 lakh crore during the three day summit being organised at Harbour Park facing the Bay of Bengal.

The Partnership Summit will begin with inaugural session on Sunday followed by signing of MoUs in power and renewable energy sectors. AP government will release its retail policy on the second day on Monday after inking investment agreements with retail majors.

The delegate count is expected to cross 350, according to the organizers, with overseas participation from 37 countries, evincing wider interest on investing in Andhra Pradesh.

The organizers are expecting large number of investments in the energy, pharmaceuticals, manufacturing, food processing, tourism and information technology sectors. Deals in mining, food processing and manufacturing are also expected to be signed on the same day.

The third and last day is allocated for tourism and skill development agreements. Concurrently, the organisers are also holding several conferences and interactive sessions that focus on economy and other topics concerning industrial sectors.