The Chief Minister explained that the Vishakha CII Summit rebuilt the state’s investment identity. Through the summit, Andhra Pradesh gained ₹13.26 lakh crore in commitments and 16 lakh potential jobs. Additionally, the State Investment Promotion Board cleared projects worth ₹8.29 lakh crore. He further mentioned that the Centre recently acknowledged Andhra Pradesh as the state with the highest number of industrial parks.

Naidu highlighted notable economic progress across sectors. During the first year, the state recorded 12.02% GSDP growth. In the second quarter, growth reached 11.28%, which was significantly higher than the national 8.7% rate. Furthermore, he set a 17% annual target and stressed accountability and transparency in all departments.

He also detailed reforms in irrigation, power, HRD, and regional development. To improve groundwater, the government plans new conservation systems. In addition, AP aims to reduce power costs and expand HRD centres. He added that upcoming technology and innovation hubs will push long-term economic growth across all regions.

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Officials confirmed that the MoU includes terms for land allotment and tax incentives. The state aims to attract significant investments through such strategic partnerships. The project is expected to boost employment opportunities and industrial development in Andhra Pradesh.

Recently, Deputy CM Pawan Kalyan expressed concerns about the Lulu Mall deal. He criticized plans for beef exports through the mall and opposed excessive conditions imposed on investments. He also emphasized that government-provided land and concessions should not come with unnecessary restrictions.

After discussions, both Lulu Mall and the Andhra Pradesh government agreed to proceed with the investment. The MoU signing marks a crucial step in strengthening industrial collaborations in the state. Authorities believe this agreement will further promote business growth and economic development.

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Lokesh stated that Chief Minister Chandrababu Naidu is speeding up the development of Amaravati and Visakhapatnam. He noted that the government is providing quick approvals and land allotments for new investments. This support is helping industries reach production stage faster.

He said Andhra Pradesh and the Centre now have double-engine governments. Lokesh explained that investments in the state are treated as national investments. He assured full support to investors from both the state and union governments. He also mentioned that Union Minister Piyush Goyal is helping AP move towards a 2.4 trillion-dollar economy.

Lokesh announced that a major giga data center is coming to Andhra Pradesh. He shared this update through a post on Twitter. He said complete details will be revealed today at 6 pm. The announcement is expected to draw attention from global technology investors.

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Lokesh urged Seafood Industry Australia (SAI) to collaborate with Andhra exporters by creating trade missions and global buyer–seller networking platforms. Highlighting future goals, he stressed the importance of cold chain management, modern packaging technologies, and sustainable fisheries practices.

Lokesh added that advanced skills and global partnerships would help Andhra Pradesh further expand its footprint in the international seafood market and enhance long-term export growth.

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Presenting the Gross State Domestic Product (GSDP) review at the 4th Collectors’ Conference on Monday (September 15, 2025), the Planning Department reported a 10.5% growth rate for Q1 2025-26. This figure stands higher than the national average of 8.8%, underscoring Andhra Pradesh’s resilience and competitive edge.

The Gross Value Added (GVA) also showed significant improvement, rising to 10.76% from 9.4% in the same quarter last year. Agriculture and allied sectors contributed strongly, posting a growth rate of 9.6% against the national average of just 3.2%. Valued at ₹81,496 crore, this sector continues to remain the backbone of the State’s economy.

With such performance, Andhra Pradesh outpaces national average benchmarks and reinforces its reputation as a leader in sustainable growth. The State’s focus on agriculture, allied activities, and development initiatives has created a robust foundation for future progress.

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