Overview
- The two-day CII Partnership Summit on November 14–15 in Visakhapatnam is slated to see 410 agreements worth about $120 billion, with the state projecting roughly 7.5 lakh jobs.
- Minister Nara Lokesh said Andhra Pradesh has attracted $120 billion in commitments over 16 months under a “Speed of Doing Business” approach and a “double-engine” alignment.
- Cited marquee projects include ArcelorMittal-Nippon Steel’s planned steel plant in Anakapalli, Google’s proposed Data City in Visakhapatnam, BPCL’s refinery, and NTPC’s green hydrogen hub.
- The government outlined goals of $1 trillion in investments and 2 million jobs over five years, with a longer-term vision of a $2.4 trillion state economy by 2047.
- Summit plans include 48 sessions with more than 300 delegates from 45 countries, with groundbreaking ceremonies announced for projects totaling about Rs 2.7 lakh crore.