AP turns into top destination for investors: BoB report

Amaravati: Andhra Pradesh has firmly established itself as India’s leading investment destination, capturing a remarkable 25.3 per cent of all proposed investments in the first nine months of FY26, according to a recent report by Bank of Baroda. The State now stands well ahead of peers such as Odisha (13.1 per cent) and Maharashtra (12.8 per cent), signalling a decisive shift in India’s industrial and investment momentum toward the eastern and southern corridors.

The report highlights that over half of India’s total proposed capital investment (51.2 per cent) is now concentrated in just three states-Andhra Pradesh, Odisha and Maharashtra-with Andhra Pradesh emerging as the clear frontrunner. Overall, investment announcements across the country during the first nine months of the current fiscal touched Rs26.6 lakh crore, marking an 11.5 per cent increase compared to the same period last year. Commenting on this milestone on social media platform X, Minister for IT and Electrons Nara Lokesh, said, “Andhra Pradesh isn’t catching up, it’s pulling ahead. This is the result of consistent reforms, speed in decision-making and an unambiguous commitment to investors."

He said: "Our focus has been clear—create a predictable policy environment, enable industry at scale and deliver on the ground.”