Andhra Pradesh Targets ₹9.5 Lakh Crore Investment in Visakhapatnam Region

The Andhra Pradesh government has set an investment target of up to ₹9.5 lakh crore for the Visakhapatnam Economic Region (VER). The plan covers eight districts and spans 36,000 sq km in north coastal Andhra Pradesh and adjoining areas.

Visakhapatnam Economic Region

The Visakhapatnam Economic Region includes Visakhapatnam, Vizianagaram, Srikakulam, Anakapalli, Kakinada, East Godavari, Alluri Sitarama Raju, and Parvathipuram Manyam. The region is linked to the ‘Bay City’ project, which uses micro-level planning for regional development.

Sectoral Investment Plan

The investment framework for VER includes public sector investment of ₹3.5 lakh crore to ₹4 lakh crore and private sector investment of up to ₹5.3 lakh crore. The targeted sectors include AI data centres, port-related industries, tourism, hydrogen, clean-tech, energy, IT, agriculture, healthcare, urban development, infrastructure, and steel manufacturing.

Economic and Employment Targets

The state government projects a $120 billion economy for the VER by 2032. The same target year includes an employment estimate of 20 lakh to 24 lakh jobs.

Important Facts for Exams

• Visakhapatnam is a major port city on the east coast of India in Andhra Pradesh.
• The Visakhapatnam Economic Region covers eight districts and a total area of 36,000 sq km.
• The Confederation of Indian Industry is one of India’s major industry bodies and organises the CII Partnership Summit.
• The 31st CII Partnership Summit is scheduled in Visakhapatnam from November 12 to 13, 2026.

Investment Summit and Planning Model

The 31st CII Partnership Summit will be held in Visakhapatnam on November 12 and 13, 2026. The summit is organised in collaboration with the Government of India and the Confederation of Indian Industry.