New Delhi, July 16 -- Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday announced that the state is expecting an investment of Rs 30 lakh crores over the next five years, out of this, Memorandums of Understanding (MoUs) worth Rs 10 lakh crores have already been signed.

Speaking to reporters, Chandrababu Naidu said, "In one year, we are able to attract Rs 10 lakh crore investment MoUs. Around Rs 5 lakh crores have already been grounded. Things are very positive, and we are moving in the right direction.

"Large investments are coming. We can expect the investment of Rs 30 lakh crores in the next five years. We have already got Rs 10 lakh crores," he added.

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