Andhra Pradesh leaders pitch state as global investment hub at Vizag summit
Deputy Chief Minister Pawan Kalyan and Minister Nara Lokesh presented an industrial growth agenda at the 31st CII Partnership Summit.
Deputy Chief Minister K. Pawan Kalyan and IT and Industries Minister Nara Lokesh presented an industrial growth agenda at the inaugural session of the 31st Confederation of Indian Industry (CII) Partnership Summit in Visakhapatnam on Thursday, November 12, 2026. According to The Hindu, the leaders positioned Andhra Pradesh as a secure and investor-friendly destination with robust political stability and transparent governance.
Minister Lokesh announced that the state has attracted investment commitments worth Rs 22.6 lakh crore since June 2024. He stated that 73 per cent of these projects, valued at Rs 17.2 lakh crore, have already received regulatory clearances and are expected to generate employment for 12.7 lakh people.
Lokesh highlighted marquee investments including an upcoming Google AI hub in Visakhapatnam, as well as ventures by LG Electronics and Premier Energies. He urged corporate leaders to move their primary headquarters to the state, citing skilled talent, connectivity through new ports, and the Bhogapuram International Airport.
The minister detailed a pro-business approach focused on speed, stability, and service. He said bureaucratic red tape is being dismantled through escrow-backed industrial incentives and an upcoming Investor Protection Act.
The summit, which is being jointly organised by the Andhra Pradesh government and the CII, was inaugurated by Union Home Minister Amit Shah. Chief Minister N. Chandrababu Naidu is scheduled to meet various foreign diplomats, global industry leaders, and Union ministers during the two-day event.
The programme also includes a Women and Growth Summit–2026 at Novotel, Visakhapatnam, focusing on women's economic empowerment and entrepreneurship.