Andhra Pradesh Targets Rs 11 Lakh Crore at CII Summit
Andhra Pradesh expects to attract Rs 11 lakh crore in investments and create 2.5 lakh jobs during the 31st CII Industrial Summit in Visakhapatnam.
The Government of Andhra Pradesh expects to attract approximately Rs 11 lakh crore in investments and create 2.5 lakh jobs during the 31st Confederation of Indian Industry (CII) Industrial Summit in Visakhapatnam. The two-day global economic forum, themed Navigating Change: Technology, Trust and Trade – Leading the Way in a New World Order, is jointly organized by the CII, the state government, and the federal Ministry of Commerce and Industry.
Palla Srinivasa Rao, President of the Telugu Desam Party in Andhra Pradesh, anticipates the signing of around 3,800 Memorandums of Understanding and participation from 58 countries. Rao attributed the high level of investment interest to political stability and tailor-made incentives provided under the leadership of Chief Minister Nara Chandrababu Naidu. He specifically highlighted the growth of green data centers and digital infrastructure in Visakhapatnam as key draws for investors.
The summit features Union Minister Amit Shah addressing the inaugural session on November 12, with Union Minister Piyush Goyal chairing the deliberations. Among the major industrial commitments, Google is identified as one of the largest investors in the state, contributing approximately USD 15 billion.
