Visakhapatnam CII Summit to Attract ₹11 Lakh Crore Investments, Create 11 Lakh Jobs: Chandrababu Naidu

Andhra Pradesh Chief Minister N. Chandrababu Naidu said the CII Partnership Summit scheduled to be held in Visakhapatnam is expected to attract investment agreements worth nearly ₹11 lakh crore, potentially creating employment opportunities for around 11 lakh people. He directed all ministers to attend the summit without fail. The Chief Minister also stated that Andhra Pradesh has secured investments worth ₹31 lakh crore so far, which are expected to generate jobs for approximately 25 lakh people. He further announced that cooperative elections would be conducted in January and instructed ministers to ensure that society, panchayat and cooperative elections are held as scheduled.

Chandrababu Naidu asked ministers to shift the administration’s focus back to development immediately after the elections. He also decided that essential commodity prices and the state’s Gross State Domestic Product (GSDP) should be discussed at every Cabinet meeting. Emphasising that essential goods must remain affordable, he asked officials to take steps to bring down prices. Ministers informed him that vegetable prices had declined to some extent compared with earlier levels. However, the Chief Minister advised them to take measures to reduce rice prices as well.