Pragati Group has signed a Memorandum of Understanding (MoU) to develop an industrial park in Guntur district of Andhra Pradesh, with a proposed investment of ₹2,500 crore.
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.