The Visakhapatnam Partnership Summit achieved huge success and created a new investment record for Andhra Pradesh. A total of 4,975 delegates from 60 countries attended the summit, including 630 international representatives. Major global companies expressed strong interest in establishing industries in the state. The government estimated ₹10 lakh crore investments, but the final figure reached ₹13.26 lakh crore, which is 30 percent higher.
The coalition government focused on industrial development from day one. Regular SIPB meetings were held to approve projects without delay. Chief Minister Chandrababu Naidu visited Singapore, UAE, and London to invite investors, while IT Minister Nara Lokesh met investors in the United States, Australia, and London. Their outreach gained a strong response at the summit and boosted global confidence in Andhra Pradesh.
A total of 613 MoUs were signed covering various sectors, offering 16.31 lakh employment opportunities. Of the total investments, ₹7.63 lakh crore deals were signed in the presence of the Chief Minister. Over 700 B2B meetings were held during the summit, and top corporate groups participated in discussions focused on technology, healthcare, aviation, pharmaceuticals, infrastructure, and tourism growth.
The state projected itself as a stable and transparent investment destination. The government now aims to convert MoUs into ground-level implementation through faster infrastructure expansion, skill development, and special technology hubs. The summit positioned Andhra Pradesh as a competitive global investment hub once again.
