Andhra Pradesh has launched an audacious economic target, aiming to attract $1 trillion in global and domestic investments. This ambitious vision was unveiled by Minister for Education and Information Technology, Nara Lokesh, at an international press conference in New Delhi, just ahead of the CII Partnership Summit in Visakhapatnam. Lokesh highlighted the state’s current success, reporting that Andhra Pradesh has already attracted $120 billion in operational investments over the past 16 months, attributing this momentum to the state’s stability, policy agility, and a strong ‘investor-first’ approach.
The government’s development model is fundamentally based on employment generation, with a specific goal to create two million jobs over the next five years. Lokesh underscored several major projects as evidence of global confidence in the state’s business climate, including Google Data City in Visakhapatnam (Google’s largest FDI in India), a ₹1 lakh crore BPCL refinery, and a ₹1.65 lakh crore NTPC green hydrogen hub. He coined the state’s governance as the “Speed of Doing Business” model, designed to minimize bureaucratic delays, which has attracted top firms like TCS, Cognizant, and major manufacturers.
Minister Lokesh credited Chief Minister N. Chandrababu Naidu’s leadership for the state’s strong governance, stating that Andhra Pradesh operates as a “double-engine bullet-train government” under the joint leadership of Naidu and Prime Minister Modi (NAMO). He articulated the ultimate goal: to realize the ‘Viksit Bharat’ vision and transform Andhra Pradesh into a $2.4 trillion economy by 2047. The upcoming CII Partnership Summit will further cement this vision, with 410 investment agreements valued at $120 billion expected to be formalized, generating an estimated 750,000 jobs.
