Pragati Group Signs MoU for ₹2,500-Crore Industrial Park in Andhra Pradesh
The agreement was
signed during the CII Regional Conference held at SRM University-AP in
Amaravati on October 16, 2026, as part of the initiatives leading up to the
31st CII Partnership Summit 2026.
According to reports, the proposed industrial park is expected to
generate around 5,000 jobs, contributing to industrial development and
employment generation in the Guntur region.
The Pragati Group project is among three major investment proposals
announced for Guntur district at the conference. Together, these projects
represent investments of ₹6,200 crore and are expected to create approximately
12,000 jobs.
The Amaravati
regional conference saw the signing of 60 MoUs involving proposed investments
of ₹42,947.74 crore, with the potential to generate 56,653 jobs across Andhra
Pradesh.
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