CII Summit From Today; Targeting ₹11 Lakh Crore Investments, 25 Lakh Jobs

Visakhapatnam: Andhra Pradesh government is targeting investment agreements worth ₹11 lakh crore and employment potential for 25 lakh people at the 31st CII Partnership Summit to be held in Visakhapatnam on November 12 and November 13.

Addressing a press conference at the Andhra University Engineering College grounds on Wednesday, Vizag district in-charge minister Dola Sree Bala Veeranjaneya Swamy said the summit is expected to strengthen Andhra Pradesh’s position as an investment destination.

The state has received investment proposals worth around ₹20 lakh crore so far, of which projects worth nearly ₹17 lakh crore have entered the implementation stage, the minister pointed out.

The proposed agreements at the summit would take the total value of investment commitments secured by the state to nearly ₹31 lakh crore.

The summit, being held under the theme "Navigating the New World Order", is expected to attract 3,000 to 3,500 delegates.

Representatives from 58 countries, including trade ministers from 16 nations, are scheduled to attend.

More than 400 business-to-business meetings have been planned.

Visakhapatnam MP Mathukumilli Sribharat said the government is focused on ensuring that investment agreements translate into projects and employment opportunities.

Chief Minister N. Chandrababu and minister Nara Lokesh would present details of projects that have moved from approvals to implementation, he underlined.

Recalling that investment agreements worth around ₹13 lakh crore had been signed at the previous summit, Sribharat said the government is monitoring their progress.

Sribharat said five regional investment summits are being planned across the state, including in Visakhapatnam, Kakinada, Amaravati, and Tirupati.

These would create opportunities for local entrepreneurs and micro, small, and medium enterprises (MSMEs).

More than 10 sector-specific clusters covering pharmaceuticals, food processing, aerospace, and other industries will facilitate discussions on technology partnerships and business opportunities.

The Visakhapatnam summit would feature dedicated sessions and exhibitions for MSMEs showcasing traditional products, including Etikoppaka handicrafts.

A parallel AP Women and Growth Summit focusing on women's participation in economic and industrial development will be held alongside the main event.

Those present at the press conference included Visakhapatnam North MLA P. Vishnu Kumar Raju, West MLA Ganababu, South MLA Vamsi Krishna Srinivas Yadav, and TD parliamentary constituency president Pattabhiram.