Visakhapatnam Investors Summit Set to Become a Game Changer for Andhra Pradesh

The upcoming Global Investors Summit in Visakhapatnam, scheduled for November 14–15, is expected to mark a major turning point for Andhra Pradesh’s growth story. Under the leadership of Chief Minister Chandrababu Naidu and Minister Nara Lokesh, the state has already attracted investments worth ₹10 lakh crore over the past 16 months through international outreach.

The government anticipates another ₹10 lakh crore from the Visakhapatnam summit, which will host over 300 industrialists from 45 countries, 12 international organizations, and 72 global speakers. Around 410 MoUs are expected to be signed, potentially generating 7.5 lakh jobs.

Major investments include:

ArcelorMittal steel project in Anakapalli – ₹1.5 lakh crore

Google Data Center – $15 billion investment

BPCL Project in Nellore – ₹1 lakh crore

NTPC Green Hydrogen Plant – ₹1.25 lakh crore

District-wise initiatives include electronics in Anantapur & Chittoor, renewable energy hubs in Kurnool, CBG in Prakasam, and aqua & refinery projects in the Godavari region.

Industry experts predict the Visakhapatnam Summit will truly be a game changer, setting the tone for Andhra Pradesh’s industrial and economic renaissance.