Speaking on the occasion, Jayadev Galla, Vice Chairman of Amara Raja Group said, "This effort is a very important collaborative effort by Industry and government which paves for all round industrial development and employment opportunities for the people of the state."

The MoU will achieve the following:

- Enable investment of approximately INR Rs. 5000 crore, over the next two-three years in Electronics, Energy storage, Automobile Components, IT & Telecom Components, Food Processing, Infrastructure and Services.

- Create 10,000 jobs directly and 20,000 jobs indirectly.

- Facilitate provision of necessary assistance by the GoAP for Amara Raja Group, and improve the investment environment

- GoAP support for the company's increased participation in significant projects in Andhra Pradesh, wherever feasible.

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