Overview
- The government says 410 agreements worth about $120 billion will be formalised at the November 14–15 CII Partnership Summit in Visakhapatnam, with officials projecting commitments near ₹10 lakh crore.
- At an India–Europe roundtable, Chief Minister N. Chandrababu Naidu pitched Andhra Pradesh as a gateway to global markets and pledged escort officers, land allotment in six days, and 45‑day approvals under a ‘Speed of Doing Business’ model.
- Pre‑summit announcements included government‑reported MoUs for a ₹15,000 crore hyperscale data centre by Tillman Global Holdings in Visakhapatnam, an ₹82,000 crore renewable value‑chain investment by ReNew, and Taiwanese‑linked projects totaling ₹18,400 crore.
- Naidu and state ministers say Google plans a roughly $15 billion AI and data centre in Visakhapatnam with a subsea cable to Singapore, with a foundation‑laying event planned during the summit, as reported by the state.
- Officials reiterated targets of $1 trillion in investments and two million jobs over five years, citing $120 billion attracted in the past 16 months and an estimated 7.5 lakh jobs tied to agreements slated for the summit.